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KACHCHH MINERALS Plunges 7%; BSE METAL Index Up 0.8%
Wed, 21 Aug 13:23

KACHCHH MINERALS Plunges 7%; BSE METAL Index Up 0.8%Image source: KanawatTH/www.istockphoto.com

KACHCHH MINERALS share price has plunged 7% and is presently trading at Rs 32.5.

Meanwhile, the BSE METAL index is at 32,006.8 (up 0.8%).

Among the top losers in the BSE METAL index today are Tata Steel (down 1.0%) and NMDC (down 0.6%).

Hindalco (up 2.3%) and Vedanta (up 1.8%) are among the top gainers today.

Over the last one year, KACHCHH MINERALS has moved up from Rs 21.0 to Rs 32.5, registering a gain of Rs 11.6 (up 55.2%).

On the other hand, the BSE METAL index has moved up from 21,267.9 to 32,006.8, registering a gain of 50.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 131.1%), Vedanta (up 94.0%) and NMDC (up 88.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,758.3 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.6%) and Tata Steel (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,704.2 . Divis Laboratories and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,758.3, registering a gain of 15,542.2 points (up 23.8%).

KACHCHH MINERALS Financial Update...

KACHCHH MINERALS net profit fell 72.5% YoY to Rs 1 million for the quarter ended June 2024, compared to a profit of Rs 2 million a year ago. Net sales declined 55.0% to Rs 3 million during the period as against Rs 7 million in April-June 2023.

For the year ended March 2023, KACHCHH MINERALS reported 156.5% decrease in net profit to Rs -1 million compared to net profit of Rs 2 million during FY22. Revenue of the company fell 47.8% to Rs 6 million during FY23.

The current Price to earnings ratio of KACHCHH MINERALS, based on rolling 12 month earnings, stands at 36.7.


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