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Archies Gains 8%; BSE FMCG Index Down 0.1%
Thu, 8 Aug 11:30

Archies Gains 8%; BSE FMCG Index Down 0.1%Image source: alexsl/www.istockphoto.com

Archies share price has zoomed 8% and is presently trading at Rs 26.8.

Meanwhile, the BSE FMCG index is at 22,520.1 (down 0.1%).

Among the top gainers in the BSE FMCG index today are HATSUN AGRO PRODUCTS (up 6.6%) and BOM.BURMAH (up 5.8%).

Godrej Consumer (down 3.7%) and Tata Consumer Products (down 1.5%) are among the top losers today.

Over the last one year, Archies has moved up from Rs 26.6 to Rs 26.8, registering a gain of Rs 0.3 (up 1.0%).

On the other hand, the BSE FMCG index has moved up from 18,781.3 to 22,520.1, registering a gain of 19.9% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were BOM.BURMAH (up 118.0%), Godfrey Phillips (up 103.6%) and Colgate (up 74.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,162.9 (down 0.4%).

The top losers among the BSE Sensex today are Infosys (down 2.1%) and Power Grid Corp. (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,197.2 (down 0.4%). BPCL and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,162.9, registering a gain of 13,209.4 points (up 20.0%).

Archies Financial Update...

Archies net profit fell 452.5% YoY to Rs -86 million for the quarter ended March 2024, compared to a profit of Rs 24 million a year ago. Net sales rose 5.5% to Rs 218 million during the period as against Rs 207 million in January-March 2023.

For the year ended March 2023, Archies reported 191.6% increase in net profit to Rs 24 million compared to net loss of Rs 26 million during FY22. Revenue of the company grew 11.5% to Rs 860 million during FY23.

The current Price to earnings ratio of Archies, based on rolling 12 month earnings, stands at -11.0.

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