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HARIOM PIPE Gains 5%; BSE METAL Index Up 0.6%
Thu, 11 Jul 13:19

HARIOM PIPE Gains 5%; BSE METAL Index Up 0.6%Image source: hudiemm/www.istockphoto.com

HARIOM PIPE share price has zoomed 5% and is presently trading at Rs 614.4.

Meanwhile, the BSE METAL index is at 33,134.6 (up 0.6%).

Among the top gainers in the BSE METAL index today are Coal India (up 2.9%) and Hindustan Zinc (up 2.0%).

Vedanta (down 1.4%) and APOLLO TUBES (down 1.0%) are among the top losers today.

Over the last one year, HARIOM PIPE has moved down from Rs 614.8 to Rs 614.4, registering a loss of Rs 0.4 (down 0.1%).

On the other hand, the BSE METAL index has moved up from 21,107.3 to 33,134.6, registering a gain of 57.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 127.3%), Coal India (up 116.1%) and Hindustan Zinc (up 105.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,819.9 (down 0.1%).

The top losers among the BSE Sensex today are Nestle (down 1.9%) and NTPC (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 24,298.1 (down 0.1%). Nestle and Bajaj Finance are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,819.9, registering a gain of 14,475.8 points (up 22.2%).

HARIOM PIPE Financial Update...

HARIOM PIPE net profit fell 2.8% YoY to Rs 168 million for the quarter ended March 2024, compared to a profit of Rs 173 million a year ago. Net sales rose 31.6% to Rs 3,309 million during the period as against Rs 2,515 million in January-March 2023.

For the year ended March 2023, HARIOM PIPE reported 44.6% increase in net profit to Rs 462 million compared to net profit of Rs 320 million during FY22. Revenue of the company grew 52.8% to Rs 5,188 million during FY23.

The current Price to earnings ratio of HARIOM PIPE, based on rolling 12 month earnings, stands at 33.5.

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