GALLANTT METAL share price has plunged 3% and is presently trading at Rs 350.1.
Meanwhile, the BSE METAL index is at 34,509.1 (down 0.3%).
Among the top losers in the BSE METAL index today are SAIL (down 1.0%) and JSW Steel (down 1.0%).
Coal India (up 0.6%) is among the top gainers today.
Over the last one year, GALLANTT METAL has moved up from Rs 91.7 to Rs 350.1, registering a gain of Rs 258.4 (up 282.0%).
On the other hand, the BSE METAL index has moved up from 22,833.2 to 34,509.1, registering a gain of 51.1% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 144.3%), Coal India (up 76.0%) and NMDC (up 70.4%).
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The BSE Sensex is at 84,555.0 (up 0.3%).
The top gainers among the BSE Sensex today are Tech Mahindra (up 3.3%) 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 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,555.0, registering a gain of 18,436.3 points (up 27.9%).
GALLANTT METAL net profit grew 296.9% YoY to Rs 1,219 million for the quarter ended June 2024, compared to a profit of Rs 307 million a year ago. Net sales rose 11.9% to Rs 11,597 million during the period as against Rs 10,362 million in April-June 2023.
For the year ended March 2024, GALLANTT METAL reported 59.9% increase in net profit to Rs 2,253 million compared to net profit of Rs 1,409 million during FY23. Revenue of the company grew 4.2% to Rs 42,271 million during FY24.
The current Price to earnings ratio of GALLANTT METAL, based on rolling 12 month earnings, stands at 26.7.
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