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Huhtamaki India Gains 7%; BSE FMCG Index Down 0.3%
Tue, 2 Jul 12:6

Huhtamaki India Gains 7%; BSE FMCG Index Down 0.3%Image source: Nikada/www.istockphoto.com

Huhtamaki India share price has zoomed 7% and is presently trading at Rs 383.4.

Meanwhile, the BSE FMCG index is at 20,659.1 (down 0.3%).

Among the top gainers in the BSE FMCG index today are GODREJ AGROVET (up 10.0%) and JYOTHY LABS (up 3.7%).

Marico (down 2.3%) and BOM.BURMAH (down 1.4%) are among the top losers today.

Over the last one year, Huhtamaki India has moved up from Rs 273.7 to Rs 383.4, registering a gain of Rs 109.7 (up 40.1%).

On the other hand, the BSE FMCG index has moved up from 18,595.4 to 20,659.1, registering a gain of 11.1% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 159.5%), JYOTHY LABS (up 121.7%) and BOM.BURMAH (up 100.1%).

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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 24,161.3 (up 0.1%). Wipro and L&T 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%).

Huhtamaki India Financial Update...

Huhtamaki India net profit fell 26.7% YoY to Rs 260 million for the quarter ended March 2024, compared to a profit of Rs 355 million a year ago. Net sales declined 7.8% to Rs 6,101 million during the period as against Rs 6,615 million in January-March 2023.

For the year ended December 2023, Huhtamaki India reported 725.2% increase in net profit to Rs 4,096 million compared to net profit of Rs 496 million during FY22. Revenue of the company fell 14.5% to Rs 25,494 million during FY23.

The current Price to earnings ratio of Huhtamaki India, based on rolling 12 month earnings, stands at 7.2.


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