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GRAVITA INDIA Gains 6%; BSE METAL Index Down 0.5%
Mon, 2 Sep 10:31

GRAVITA INDIA Gains 6%; BSE METAL Index Down 0.5%Image source: StarLineArts/www.istockphoto.com

GRAVITA INDIA share price has zoomed 6% and is presently trading at Rs 2,415.0.

Meanwhile, the BSE METAL index is at 32,290.5 (down 0.5%).

Among the top gainers in the BSE METAL index today are JSW Steel (up 0.5%) and Tata Steel (up 0.1%).

APOLLO TUBES (down 2.3%) and NMDC (down 2.3%) are among the top losers today.

Over the last one year, GRAVITA INDIA has moved up from Rs 749.7 to Rs 2,415.0, registering a gain of Rs 1,665.4 (up 222.2%).

On the other hand, the BSE METAL index has moved up from 21,596.4 to 32,290.5, registering a gain of 49.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 127.3%), Vedanta (up 96.5%) and NMDC (up 77.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,608.8 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 2.7%) and Bajaj Finance (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,294.9 (up 0.2%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,608.8, registering a gain of 17,532.9 points (up 26.9%).

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 64.7.


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