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HARIOM PIPE Gains 5%; BSE METAL Index Down 0.3%
Mon, 12 Aug 9:34

HARIOM PIPE Gains 5%; BSE METAL Index Down 0.3%Image source: hudiemm/www.istockphoto.com

HARIOM PIPE share price has zoomed 5% and is presently trading at Rs 678.4.

Meanwhile, the BSE METAL index is at 30,936.1 (down 0.3%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 2.0%) and JSW Steel (up 0.7%).

NMDC (down 1.1%) and Coal India (down 0.6%) are among the top losers today.

Over the last one year, HARIOM PIPE has moved up from Rs 573.1 to Rs 678.4, registering a gain of Rs 105.3 (up 18.4%).

On the other hand, the BSE METAL index has moved up from 21,426.3 to 30,936.1, registering a gain of 44.4% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 128.6%), NMDC (up 96.8%) and Hindustan Zinc (up 89.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,419.5 (down 0.4%).

The top losers among the BSE Sensex today are NTPC (down 1.8%) and MUNDRA PORT & SEZ (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 24,274.7 (down 0.4%). Adani Enterprises and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,419.5, registering a gain of 13,573.0 points (up 20.6%).

HARIOM PIPE Financial Update...

HARIOM PIPE net profit grew 13.3% YoY to Rs 175 million for the quarter ended June 2024, compared to a profit of Rs 154 million a year ago. Net sales rose 42.9% to Rs 3,432 million during the period as against Rs 2,401 million in April-June 2023.

For the year ended March 2023, HARIOM PIPE reported 44.6% increase in net profit to Rs 462 million compared to net profit of Rs 320 million during FY22. Revenue of the company grew 52.8% to Rs 5,188 million during FY23.

The current Price to earnings ratio of HARIOM PIPE, based on rolling 12 month earnings, stands at 35.7.

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