Orient Refractories share price has zoomed 5% and is presently trading at Rs 625.9.
Meanwhile, the BSE METAL index is at 33,126.5 (up 2.9%).
Among the top gainers in the BSE METAL index today are Tata Steel (up 4.9%) and NMDC (up 4.4%).
Over the last one year, Orient Refractories has moved down from Rs 763.1 to Rs 625.9, registering a loss of Rs 137.2 (down 18.0%).
On the other hand, the BSE METAL index has moved up from 22,980.9 to 33,126.5, registering a gain of 44.1% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 103.5%), Coal India (up 77.4%) and Hindustan Zinc (up 60.9%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 85,075.7 (up 0.2%).
The top gainers among the BSE Sensex today are Tata Steel (up 4.9%) and Power Grid Corp. (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 25,973.6 (up 0.1%). Tata Steel and Hindalco are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 85,075.7, registering a gain of 18,274.9 points (up 27.4%).
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 -174.6.
Equitymaster requests your view! Post a comment on "Orient Refractories Gains 5%; BSE METAL Index Up 2.9%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!