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POKARNA Gains 11%; BSE METAL Index Up 0.3%
Tue, 2 Jul 12:5

POKARNA Gains 11%; BSE METAL Index Up 0.3%Image source: Ivcandy/www.istockphoto.com

POKARNA share price has zoomed 11% and is presently trading at Rs 784.4.

Meanwhile, the BSE METAL index is at 33,387.2 (up 0.3%).

Among the top gainers in the BSE METAL index today are Coal India (up 1.6%) and Hindalco (up 1.4%).

NMDC (down 2.5%) and APOLLO TUBES (down 1.0%) are among the top losers today.

Over the last one year, POKARNA has moved up from Rs 378.8 to Rs 784.4, registering a gain of Rs 405.7 (up 107.1%).

On the other hand, the BSE METAL index has moved up from 20,503.1 to 33,387.2, registering a gain of 62.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 134.7%), Hindustan Zinc (up 112.3%) and Coal India (up 112.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,539.8 (up 0.1%).

The top gainers among the BSE Sensex today are Infosys (up 2.5%) and L&T (up 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,159.2 (up 0.1%). Wipro and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,539.8, registering a gain of 15,624.4 points (up 24.4%).

POKARNA Financial Update...

POKARNA net profit grew 48.7% YoY to Rs 164 million for the quarter ended March 2024, compared to a profit of Rs 110 million a year ago. Net sales rose 0.3% to Rs 1,616 million during the period as against Rs 1,612 million in January-March 2023.

For the year ended March 2023, POKARNA reported 16.0% decrease in net profit to Rs 658 million compared to net profit of Rs 783 million during FY22. Revenue of the company grew 12.0% to Rs 7,280 million during FY23.

The current Price to earnings ratio of POKARNA, based on rolling 12 month earnings, stands at 27.6.

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