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BHAGWANDAS M Plunges 7%; BSE METAL Index Down 0.9%
Tue, 15 Oct 12:13

BHAGWANDAS M Plunges 7%; BSE METAL Index Down 0.9%Image source: Sakorn BernardaSv/www.istockphoto.com

BHAGWANDAS M share price has plunged 7% and is presently trading at Rs 46.8.

Meanwhile, the BSE METAL index is at 33,309.9 (down 0.9%).

Among the top losers in the BSE METAL index today are NMDC (down 2.1%) and SAIL (down 1.7%).

Over the last one year, BHAGWANDAS M has moved up from Rs 44.8 to Rs 46.8, registering a gain of Rs 2.0 (up 4.5%).

On the other hand, the BSE METAL index has moved up from 23,059.1 to 33,309.9, registering a gain of 44.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 116.9%), Coal India (up 65.2%) and Hindustan Zinc (up 63.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,850.2 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.9%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,071.9 (down 0.2%). Bajaj Auto and Wipro are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 81,850.2, registering a gain of 15,377.2 points (up 23.1%).

BHAGWANDAS M Financial Update...

BHAGWANDAS M net profit grew 600.0% YoY to Rs 4 million for the quarter ended June 2024, compared to a loss of Rs 1 million a year ago. Net sales declined 100.0% to Rs 0 million during the period as against Rs 4 million in April-June 2023.

For the year ended March 2024, BHAGWANDAS M reported 630.6% increase in net profit to Rs 5 million compared to net loss of Rs 1 million during FY23. Revenue of the company fell 73.0% to Rs 46 million during FY24.

The current Price to earnings ratio of BHAGWANDAS M, based on rolling 12 month earnings, stands at 17.7.

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