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GRAVITA INDIA Gains 6%; BSE METAL Index Down 0.4%
Wed, 28 Aug 9:46

GRAVITA INDIA Gains 6%; BSE METAL Index Down 0.4%Image source: ipopba/www.istockphoto.com

GRAVITA INDIA share price has zoomed 6% and is presently trading at Rs 2,095.7.

Meanwhile, the BSE METAL index is at 32,426.3 (down 0.4%).

Among the top gainers in the BSE METAL index today are Jindal Steel (up 0.3%) and Vedanta (up 0.2%).

Hindustan Zinc (down 3.8%) and Tata Steel (down 1.0%) are among the top losers today.

Over the last one year, GRAVITA INDIA has moved up from Rs 749.0 to Rs 2,095.7, registering a gain of Rs 1,346.7 (up 179.8%).

On the other hand, the BSE METAL index has moved up from 21,357.5 to 32,426.3, registering a gain of 51.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 130.8%), Vedanta (up 95.0%) and NMDC (up 86.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,637.6 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finserv (down 1.1%) and Tata Steel (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,992.0 (down 0.1%). Hero Motocorp and TATA STEEL 2% CCPS are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,637.6, registering a gain of 16,641.0 points (up 25.6%).

GRAVITA INDIA Financial Update...

GRAVITA INDIA net profit grew 29.4% YoY to Rs 680 million for the quarter ended June 2024, compared to a profit of Rs 526 million a year ago. Net sales rose 29.1% to Rs 9,079 million during the period as against Rs 7,034 million in April-June 2023.

For the year ended March 2024, GRAVITA INDIA reported 18.7% increase in net profit to Rs 2,423 million compared to net profit of Rs 2,041 million during FY23. Revenue of the company grew 12.9% to Rs 31,608 million during FY24.

The current Price to earnings ratio of GRAVITA INDIA, based on rolling 12 month earnings, stands at 56.1.


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