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Orient Refractories Gains 5%; BSE METAL Index Up 0.4%
Thu, 19 Sep 9:20

Orient Refractories Gains 5%; BSE METAL Index Up 0.4%Image source: DNY59/www.istockphoto.com

Orient Refractories share price has zoomed 5% and is presently trading at Rs 618.0.

Meanwhile, the BSE METAL index is at 31,797.3 (up 0.4%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 1.2%) and SAIL (up 0.8%).

Over the last one year, Orient Refractories has moved down from Rs 759.8 to Rs 618.0, registering a loss of Rs 141.8 (down 18.7%).

On the other hand, the BSE METAL index has moved up from 23,270.6 to 31,797.3, registering a gain of 36.6% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 91.0%), Coal India (up 73.6%) and Hindustan Zinc (up 54.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,359.2 (up 0.5%).

The top gainers among the BSE Sensex today are NTPC (up 2.8%) and HCl Tech. (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,487.1 (up 0.4%). NTPC and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,359.2, registering a gain of 15,762.3 points (up 23.3%).

Orient Refractories Financial Update...

Orient Refractories net profit grew 55.7% YoY to Rs 729 million for the quarter ended June 2024, compared to a profit of Rs 468 million a year ago. Net sales declined 5.3% to Rs 8,788 million during the period as against Rs 9,280 million in April-June 2023.

For the year ended March 2024, Orient Refractories reported 78.5% increase in net profit to Rs -1,001 million compared to net loss of Rs 4,657 million during FY23. Revenue of the company grew 38.7% to Rs 37,811 million during FY24.

The current Price to earnings ratio of Orient Refractories, based on rolling 12 month earnings, stands at -172.4.


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