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PRAKASH INDUSTRIES Plunges 7%; BSE CONSUMER DURABLES Index Down 2.1%
Mon, 7 Oct 13:7

PRAKASH INDUSTRIES Plunges 7%; BSE CONSUMER DURABLES Index Down 2.1%Image source: phive2015/www.istockphoto.com

PRAKASH INDUSTRIES share price has plunged 7% and is presently trading at Rs 163.9.

Meanwhile, the BSE CONSUMER DURABLES index is at 64,448.4 (down 2.1%).

Among the top losers in the BSE CONSUMER DURABLES index today are Blue Star (down 6.1%) and ORIENT ELECTRIC (down 4.5%).

CROMPTON GREAVES CONSUMER ELEC. is among the top gainers today.

Over the last one year, PRAKASH INDUSTRIES has moved up from Rs 142.9 to Rs 163.9, registering a gain of Rs 21.0 (up 14.7%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,729.3 to 64,448.4, registering a gain of 40.9% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 155.0%), Blue Star (up 118.1%) and Voltas (up 102.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,137.6 (down 0.7%).

The top losers among the BSE Sensex today are NTPC (down 4.1%) and MUNDRA PORT & SEZ (down 3.9%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,793.9 (down 0.9%). NTPC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,137.6, registering a gain of 15,625.5 points (up 23.9%).

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 8.4.


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