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HARIOM PIPE Gains 6%; BSE METAL Index Down 0.4%
Thu, 29 Aug 9:32

HARIOM PIPE Gains 6%; BSE METAL Index Down 0.4%Image source: Kameleon007 /www.istockphoto.com

HARIOM PIPE share price has zoomed 6% and is presently trading at Rs 869.3.

Meanwhile, the BSE METAL index is at 32,381.3 (down 0.4%).

Among the top gainers in the BSE METAL index today are Vedanta (up 0.3%) and APOLLO TUBES (up 0.3%).

Hindustan Zinc (down 1.7%) and Hindalco (down 1.4%) are among the top losers today.

Over the last one year, HARIOM PIPE has moved up from Rs 629.6 to Rs 869.3, registering a gain of Rs 239.7 (up 38.1%).

On the other hand, the BSE METAL index has moved up from 21,357.5 to 32,381.3, registering a gain of 51.6% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 129.1%), Vedanta (up 96.1%) and NMDC (up 85.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,858.3 (up 0.1%).

The top gainers among the BSE Sensex today are Sun Pharma (up 0.6%) and HDFC Bank (up 0.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,054.3 . Cipla and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,858.3, registering a gain of 16,861.7 points (up 25.9%).

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 45.7.

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