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GRAVITA INDIA Gains 18%; BSE METAL Index Down 1.6%
Tue, 23 Jul 14:38

GRAVITA INDIA Gains 18%; BSE METAL Index Down 1.6%Image source: asbe/www.istockphoto.com

GRAVITA INDIA share price has zoomed 18% and is presently trading at Rs 1,702.2.

Meanwhile, the BSE METAL index is at 31,347.9 (down 1.6%).

Hindalco (down 3.8%) and Vedanta (down 3.8%) are among the top losers today.

Over the last one year, GRAVITA INDIA has moved up from Rs 656.0 to Rs 1,702.2, registering a gain of Rs 1,046.3 (up 159.5%).

On the other hand, the BSE METAL index has moved up from 21,287.1 to 31,347.9, registering a gain of 47.3% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 112.0%), NMDC (up 108.5%) and Hindustan Zinc (up 92.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,368.3 (down 0.2%).

The top losers among the BSE Sensex today are L&T (down 3.6%) and Bajaj Finance (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,494.4 (down 0.1%). L&T and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,097.4 to 80,368.3, registering a gain of 13,270.9 points (up 19.8%).

GRAVITA INDIA Financial Update...

GRAVITA INDIA net profit grew 29.4% YoY to Rs 680 million for the quarter ended June 2024, compared to a profit of Rs 526 million a year ago. Net sales rose 29.1% to Rs 9,079 million during the period as against Rs 7,034 million in April-June 2023.

For the year ended March 2023, GRAVITA INDIA reported 37.5% increase in net profit to Rs 2,041 million compared to net profit of Rs 1,485 million during FY22. Revenue of the company grew 26.4% to Rs 28,006 million during FY23.

The current Price to earnings ratio of GRAVITA INDIA, based on rolling 12 month earnings, stands at 45.6.

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