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BHARAT WIRE ROPES Plunges 4%; BSE METAL Index Down 2.3%
Fri, 2 Aug 10:42

BHARAT WIRE ROPES  Plunges 4%; BSE METAL Index Down 2.3%Image source: Ivcandy/www.istockphoto.com

BHARAT WIRE ROPES share price has plunged 4% and is presently trading at Rs 254.0.

Meanwhile, the BSE METAL index is at 32,140.6 (down 2.3%).

Among the top losers in the BSE METAL index today are JSW Steel (down 2.8%) and Tata Steel (down 2.6%).

Over the last one year, BHARAT WIRE ROPES has moved up from Rs 216.6 to Rs 254.0, registering a gain of Rs 37.5 (up 17.3%).

On the other hand, the BSE METAL index has moved up from 22,180.7 to 32,140.6, registering a gain of 44.9% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 130.6%), NMDC (up 103.0%) and Hindustan Zinc (up 99.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,073.0 (down 1.0%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and Maruti Suzuki (down 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,073.0, registering a gain of 14,545.3 points (up 21.9%).

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 19.1.


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