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HISAR METAL Plunges 6%; BSE METAL Index Up 0.3%
Wed, 25 Sep 14:58

HISAR METAL Plunges 6%; BSE METAL Index Up 0.3%Image source: CreativaImages/www.istockphoto.com

HISAR METAL share price has plunged 6% and is presently trading at Rs 199.0.

Meanwhile, the BSE METAL index is at 33,178.8 (up 0.3%).

Among the top losers in the BSE METAL index today are Jindal Steel (down 1.5%) and JSW Steel (down 0.9%).

Vedanta (up 2.0%) and APOLLO TUBES (up 1.9%) are among the top gainers today.

Over the last one year, HISAR METAL has moved up from Rs 164.2 to Rs 199.0, registering a gain of Rs 34.8 (up 21.2%).

On the other hand, the BSE METAL index has moved up from 22,741.0 to 33,178.8, registering a gain of 45.9% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 113.5%), Coal India (up 75.0%) and Hindustan Zinc (up 62.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,951.9 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and Axis Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 25,936.8 . LTIMINDTREE and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,951.9, registering a gain of 18,928.2 points (up 28.7%).

HISAR METAL Financial Update...

HISAR METAL net profit fell 51.7% YoY to Rs 9 million for the quarter ended June 2024, compared to a profit of Rs 18 million a year ago. Net sales rose 2.2% to Rs 636 million during the period as against Rs 622 million in April-June 2023.

For the year ended March 2024, HISAR METAL reported 41.0% decrease in net profit to Rs 65 million compared to net profit of Rs 110 million during FY23. Revenue of the company fell 12.5% to Rs 2,414 million during FY24.

The current Price to earnings ratio of HISAR METAL, based on rolling 12 month earnings, stands at 19.4.


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