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BHARAT WIRE ROPES Gains 16%; BSE METAL Index Up 1.1%
Mon, 19 Aug 10:25

BHARAT WIRE ROPES Gains 16%; BSE METAL Index Up 1.1%Image source: peterschreiber.media/www.istockphoto.com

BHARAT WIRE ROPES share price has zoomed 16% and is presently trading at Rs 264.5.

Meanwhile, the BSE METAL index is at 31,191.7 (up 1.1%).

Among the top gainers in the BSE METAL index today are Hindalco (up 2.9%) and SAIL (up 1.8%).

Hindustan Zinc (down 4.8%) and APOLLO TUBES (down 1.2%) are among the top losers today.

Over the last one year, BHARAT WIRE ROPES has moved up from Rs 211.3 to Rs 264.5, registering a gain of Rs 53.3 (up 25.2%).

On the other hand, the BSE METAL index has moved up from 21,481.0 to 31,191.7, registering a gain of 45.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 120.9%), Vedanta (up 86.1%) and NMDC (up 85.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,465.8 .

The top gainers among the BSE Sensex today are NTPC (up 1.7%) and Reliance Ind. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,574.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,465.8, registering a gain of 15,063.8 points (up 23.0%).

BHARAT WIRE ROPES Financial Update...

BHARAT WIRE ROPES net profit fell 23.8% YoY to Rs 181 million for the quarter ended June 2024, compared to a profit of Rs 237 million a year ago. Net sales declined 15.7% to Rs 1,335 million during the period as against Rs 1,584 million in April-June 2023.

For the year ended March 2023, BHARAT WIRE ROPES reported 355.4% increase in net profit to Rs 622 million compared to net profit of Rs 137 million during FY22. Revenue of the company grew 43.4% to Rs 5,891 million during FY23.

The current Price to earnings ratio of BHARAT WIRE ROPES , based on rolling 12 month earnings, stands at 19.9.

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