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VENUS PIPES & TUBES Gains 3%; BSE METAL Index Up 1.3%
Thu, 12 Sep 9:46

VENUS PIPES & TUBES Gains 3%; BSE METAL Index Up 1.3%Image source: Nikada/www.istockphoto.com

VENUS PIPES & TUBES share price has zoomed 3% and is presently trading at Rs 2,348.6.

Meanwhile, the BSE METAL index is at 31,115.4 (up 1.3%).

Among the top gainers in the BSE METAL index today are NMDC (up 2.1%) and Tata Steel (up 1.9%).

Over the last one year, VENUS PIPES & TUBES has moved up from Rs 1,566.8 to Rs 2,348.6, registering a gain of Rs 781.8 (up 49.9%).

On the other hand, the BSE METAL index has moved up from 23,528.2 to 31,115.4, registering a gain of 32.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 81.8%), Coal India (up 73.9%) and Hindustan Zinc (up 50.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,814.5 (up 0.4%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.9%) and MUNDRA PORT & SEZ (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,045.8 (up 0.5%). Tata Steel and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,814.5, registering a gain of 14,687.5 points (up 21.9%).

VENUS PIPES & TUBES Financial Update...

VENUS PIPES & TUBES net profit grew 58.3% YoY to Rs 276 million for the quarter ended June 2024, compared to a profit of Rs 174 million a year ago. Net sales rose 33.7% to Rs 2,401 million during the period as against Rs 1,796 million in April-June 2023.

For the year ended March 2024, VENUS PIPES & TUBES reported 94.5% increase in net profit to Rs 860 million compared to net profit of Rs 442 million during FY23. Revenue of the company grew 45.2% to Rs 8,022 million during FY24.

The current Price to earnings ratio of VENUS PIPES & TUBES, based on rolling 12 month earnings, stands at 49.8.

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