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ASHIANA ISP. Gains 6%; BSE METAL Index Down 0.7%
Tue, 23 Jul 9:36

ASHIANA ISP. Gains 6%; BSE METAL Index Down 0.7%Image source: Sakorn BernardaSv/www.istockphoto.com

ASHIANA ISP. share price has zoomed 6% and is presently trading at Rs 53.4.

Meanwhile, the BSE METAL index is at 31,638.2 (down 0.7%).

Among the top gainers in the BSE METAL index today is NMDC (up 0.5%).

Vedanta (down 3.7%) and Hindalco (down 0.8%) are among the top losers today.

Over the last one year, ASHIANA ISP. has moved up from Rs 30.6 to Rs 53.4, registering a gain of Rs 22.8 (up 74.4%).

On the other hand, the BSE METAL index has moved up from 21,287.1 to 31,638.2, registering a gain of 48.6% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 113.9%), NMDC (up 110.5%) and Hindustan Zinc (up 94.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,598.3 (up 0.1%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 1.4%) and M&M (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,516.5 . Eicher Motor and Ultratech Cement are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,097.4 to 80,598.3, registering a gain of 13,500.8 points (up 20.1%).

ASHIANA ISP. Financial Update...

ASHIANA ISP. net profit grew 321.5% YoY to Rs 4 million for the quarter ended March 2024, compared to a profit of Rs 1 million a year ago. Net sales declined 37.1% to Rs 900 million during the period as against Rs 1,432 million in January-March 2023.

For the year ended March 2023, ASHIANA ISP. reported 195.8% increase in net profit to Rs 30 million compared to net profit of Rs 10 million during FY22. Revenue of the company grew 5.9% to Rs 4,646 million during FY23.

The current Price to earnings ratio of ASHIANA ISP., based on rolling 12 month earnings, stands at 28.9.


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