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VENUS PIPES & TUBES Gains 6%; BSE METAL Index Up 0.5%
Wed, 23 Oct 11:1

VENUS PIPES & TUBES Gains 6%; BSE METAL Index Up 0.5%Image source: DNY59/www.istockphoto.com

VENUS PIPES & TUBES share price has zoomed 6% and is presently trading at Rs 1,829.0.

Meanwhile, the BSE METAL index is at 31,839.7 (up 0.5%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 3.9%) and NMDC (up 3.4%).

SAIL (down 2.4%) and APOLLO TUBES (down 1.3%) are among the top losers today.

Over the last one year, VENUS PIPES & TUBES has moved up from Rs 1,276.2 to Rs 1,829.0, registering a gain of Rs 552.8 (up 43.3%).

On the other hand, the BSE METAL index has moved up from 22,271.2 to 31,839.7, registering a gain of 43.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 118.1%), Hindustan Zinc (up 75.8%) and Hindalco (up 59.8%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,392.8 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 5.2%) and Bajaj Finserv (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,532.8 (up 0.3%). Bajaj Finance and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,392.8, registering a gain of 15,820.9 points (up 24.5%).

VENUS PIPES & TUBES Financial Update...

VENUS PIPES & TUBES net profit grew 58.3% YoY to Rs 276 million for the quarter ended June 2024, compared to a profit of Rs 174 million a year ago. Net sales rose 33.7% to Rs 2,401 million during the period as against Rs 1,796 million in April-June 2023.

For the year ended March 2024, VENUS PIPES & TUBES reported 94.5% increase in net profit to Rs 860 million compared to net profit of Rs 442 million during FY23. Revenue of the company grew 45.2% to Rs 8,022 million during FY24.

The current Price to earnings ratio of VENUS PIPES & TUBES, based on rolling 12 month earnings, stands at 38.8.

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