HATHWAY CABLE share price has zoomed 11% and is presently trading at Rs 20.
Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).
Among the top Gainers in the BSE 500 Index today is HATHWAY CABLE (up 11.5%).
ADANI PORTS & SEZ and CARE RATING are among the top losers today.
Over the last one year, HATHWAY CABLE has moved down from Rs 29 to Rs 20, registering a loss of Rs 9 (down 32.2%).
On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.2%) during the last 12 months.
The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 432.6%), ABBOTT INDIA (up 145.6%) and NAVIN FLUORINE (up 117.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 32,089 (up 1.4%).
The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.0%), HUL (up 3.2%) and KOTAK MAHINDRA BANK (up 2.6%). Other gainers include RELIANCE IND. (up 2.5%) and ICICI BANK (up 2.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.
In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.9%), DR. REDDYS LAB (up 3.5%) and KOTAK MAHINDRA BANK (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.2%) and HUL (up 2.9%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.71%).
HATHWAY CABLE Financial Update...
HATHWAY CABLE net profit declined 168.0% YoY to Rs 131 million for the quarter ended March 2020, compared to a loss of Rs 192 million a year ago. Net Sales rose 5.7% to Rs 1.5 billion during the period as against Rs 1.4 billion in January-March 2019.
For the year ended March 2019, HATHWAY CABLE reported 336.0% decrease in net profit to Rs 2.4 billion compared to net profit of Rs 1.0 billion during FY18.
Revenue of the company grew 1.5% to Rs 16 billion during FY19.
The current Price to earnings ratio of HATHWAY CABLE, based on rolling 12 month earnings, stands at 206.9x.
This article (HATHWAY CABLE Surges by 11%; BSE 500 Index Up 1.2%) is authored by Equitymaster.
Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.