PRAKASH INDUSTRIES share price has plunged 6% and is presently trading at Rs 182.8.
Meanwhile, the BSE CONSUMER DURABLES index is at 58,643.1 (down 0.9%).
Among the top losers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (down 5.3%) and DIXON TECHNOLOGIES (down 4.6%).
Titan (up 0.9%) and ORIENT ELECTRIC (up 0.8%) are among the top gainers today.
Over the last one year, PRAKASH INDUSTRIES has moved up from Rs 81.2 to Rs 182.8, registering a gain of Rs 101.6 (up 125.2%).
On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,838.6 to 58,643.1, registering a gain of 36.9% during the last 12 months.
The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 176.2%), Blue Star (up 113.3%) and AMBER ENTERPRISES INDIA (up 96.5%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 81,376.4 (up 0.8%).
The top gainers among the BSE Sensex today are TCS (up 3.3%) and Bajaj Finserv (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,796.9 (up 0.8%). TCS and LTIMINDTREE are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 81,376.4, registering a gain of 14,786.4 points (up 22.2%).
PRAKASH INDUSTRIES net profit grew 53.2% YoY to Rs 888 million for the quarter ended March 2024, compared to a profit of Rs 580 million a year ago. Net sales declined 11.9% to Rs 8,904 million during the period as against Rs 10,105 million in January-March 2023.
For the year ended March 2023, PRAKASH INDUSTRIES reported 12.9% increase in net profit to Rs 1,905 million compared to net profit of Rs 1,687 million during FY22. Revenue of the company fell 12.3% to Rs 34,438 million during FY23.
The current Price to earnings ratio of PRAKASH INDUSTRIES, based on rolling 12 month earnings, stands at 9.4.
Equitymaster requests your view! Post a comment on "PRAKASH INDUSTRIES Plunges 6%; BSE CONSUMER DURABLES Index Down 0.9%". 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!