VENUS PIPES & TUBES share price has plunged 8% and is presently trading at Rs 1,699.4.
Meanwhile, the BSE METAL index is at 29,451.9 .
Among the top losers in the BSE METAL index today are NMDC (down 1.6%) and APOLLO TUBES (down 1.6%).
Jindal Steel (up 2.8%) and Hindustan Zinc (up 1.2%) are among the top gainers today.
Over the last one year, VENUS PIPES & TUBES has moved up from Rs 1,461.3 to Rs 1,699.4, registering a gain of Rs 238.1 (up 16.3%).
On the other hand, the BSE METAL index has moved up from 23,253.3 to 29,451.9, registering a gain of 26.7% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 77.1%), Hindustan Zinc (up 61.6%) and Jindal Steel (up 38.8%).
For Investors: Our Big Prediction
The BSE Sensex is at 77,598.8 (down 0.1%).
The top losers among the BSE Sensex today are Hindustan Unilever (down 2.4%) and Power Grid Corp. (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 23,543.9 (down 0.1%). BPCL and Tata Consumer Products are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,598.8, registering a gain of 12,339.4 points (up 18.9%).
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 36.0.
Equitymaster requests your view! Post a comment on "VENUS PIPES & TUBES Plunges 8%; BSE METAL Index Up 0.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!