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PRAKASH INDUSTRIES Plunges 5%; BSE CONSUMER DURABLES Index Up 0.6%
Wed, 11 Sep 11:52

PRAKASH INDUSTRIES Plunges 5%; BSE CONSUMER DURABLES Index Up 0.6%Image source: phive2015/www.istockphoto.com

PRAKASH INDUSTRIES share price has plunged 5% and is presently trading at Rs 209.5.

Meanwhile, the BSE CONSUMER DURABLES index is at 65,346.0 (up 0.6%).

Among the top losers in the BSE CONSUMER DURABLES index today are WHIRLPOOL OF INDIA (down 1.6%) and AMBER ENTERPRISES INDIA (down 1.3%).

DIXON TECHNOLOGIES (up 2.1%) and Bajaj Electricals (up 1.1%) are among the top gainers today.

Over the last one year, PRAKASH INDUSTRIES has moved up from Rs 134.7 to Rs 209.5, registering a gain of Rs 74.8 (up 55.5%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 46,360.5 to 65,346.0, registering a gain of 41.0% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 146.7%), Blue Star (up 123.7%) and Voltas (up 101.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,001.4 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.4%) and Bajaj Finance (up 1.8%). The most traded stocks in the BSE Sensex are Tata Motors and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 25,070.0 (up 0.1%). Bajaj Auto and Asian Paints are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,001.4, registering a gain of 14,874.3 points (up 22.2%).

PRAKASH INDUSTRIES Financial Update...

PRAKASH INDUSTRIES net profit grew 1.2% YoY to Rs 905 million for the quarter ended June 2024, compared to a profit of Rs 894 million a year ago. Net sales rose 15.2% to Rs 11,669 million during the period as against Rs 10,133 million in April-June 2023.

For the year ended March 2024, PRAKASH INDUSTRIES reported 82.8% increase in net profit to Rs 3,482 million compared to net profit of Rs 1,905 million during FY23. Revenue of the company grew 6.8% to Rs 36,778 million during FY24.

The current Price to earnings ratio of PRAKASH INDUSTRIES, based on rolling 12 month earnings, stands at 10.7.


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