Orient Refractories Gains 7%; BSE METAL Index Up 1.5%
Fri, 16 Aug 9:23
Image source: asbe/www.istockphoto.comOrient Refractories share price has zoomed 7% and is presently trading at Rs 634.0.
Meanwhile, the BSE METAL index is at 30,769.4 (up 1.5%).
Among the top gainers in the BSE METAL index today are Hindalco (up 2.8%) and SAIL (up 2.6%).
Hindustan Zinc (down 6.1%) and APOLLO TUBES (down 0.2%) are among the top losers today.
Over the last one year, Orient Refractories has moved down from Rs 704.7 to Rs 634.0, registering a loss of Rs 70.7 (down 10.0%).
On the other hand, the BSE METAL index has moved up from 21,481.0 to 30,769.4, registering a gain of 43.2% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were Coal India (up 116.3%), Vedanta (up 83.1%) and NMDC (up 80.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 79,719.2 (up 0.8%).
The top gainers among the BSE Sensex today are M&M (up 2.4%) and Tech Mahindra (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.
In the meantime, NSE Nifty is at 24,342.4 (up 0.8%). M&M and Hindalco are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,719.2, registering a gain of 14,317.3 points (up 21.9%).
Orient Refractories Financial Update...
Orient Refractories net profit grew 55.7% YoY to Rs 729 million for the quarter ended June 2024, compared to a profit of Rs 468 million a year ago. Net sales declined 5.3% to Rs 8,788 million during the period as against Rs 9,280 million in April-June 2023.
For the year ended March 2023, Orient Refractories reported 273.1% decrease in net profit to Rs -4,657 million compared to net profit of Rs 2,690 million during FY22. Revenue of the company grew 36.4% to Rs 27,263 million during FY23.
The current Price to earnings ratio of Orient Refractories, based on rolling 12 month earnings, stands at -176.8.
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