GALLANTT METAL share price has plunged 4% and is presently trading at Rs 381.0.
Meanwhile, the BSE METAL index is at 31,973.4 (down 0.3%).
Among the top losers in the BSE METAL index today are Jindal Steel (down 1.1%) and SAIL (down 0.8%).
Vedanta (up 0.4%) and Hindalco are among the top gainers today.
Over the last one year, GALLANTT METAL has moved up from Rs 86.5 to Rs 381.0, registering a gain of Rs 294.5 (up 340.5%).
On the other hand, the BSE METAL index has moved up from 21,751.0 to 31,973.4, registering a gain of 47.0% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were Coal India (up 127.5%), Vedanta (up 96.6%) and NMDC (up 74.2%).
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The BSE Sensex is at 82,474.1 (down 0.1%).
The top losers among the BSE Sensex today are Bajaj Finance (down 1.9%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.
In the meantime, NSE Nifty is at 25,256.7 (down 0.1%). Bajaj Finance and IOC are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,474.1, registering a gain of 17,386.8 points (up 26.7%).
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 2023, GALLANTT METAL reported 19.9% decrease in net profit to Rs 1,409 million compared to net profit of Rs 1,758 million during FY22. Revenue of the company grew 33.7% to Rs 40,346 million during FY23.
The current Price to earnings ratio of GALLANTT METAL, based on rolling 12 month earnings, stands at 29.0.
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