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ISI BARS Gains 10%; BSE METAL Index Down 1.2%
Tue, 15 Oct 12:59

ISI BARS Gains 10%; BSE METAL Index Down 1.2%Image source: Sefa Ozel/www.istockphoto.com

ISI BARS share price has zoomed 10% and is presently trading at Rs 7.2.

Meanwhile, the BSE METAL index is at 33,206.1 (down 1.2%).

NMDC (down 2.2%) and SAIL (down 2.0%) are among the top losers today.

Over the last one year, ISI BARS has moved up from Rs 2.2 to Rs 7.2, registering a gain of Rs 5.0 (up 231.2%).

On the other hand, the BSE METAL index has moved up from 23,059.1 to 33,206.1, registering a gain of 44.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 116.1%), Coal India (up 64.7%) and Hindustan Zinc (up 63.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,808.1 (down 0.2%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.9%) and M&M (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,063.3 (down 0.3%). Bajaj Auto and Wipro are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 81,808.1, registering a gain of 15,335.0 points (up 23.1%).

ISI BARS Financial Update...

ISI BARS net profit grew 19.0% YoY to Rs -44 million for the quarter ended June 2024, compared to a loss of Rs 55 million a year ago. Net sales declined 100.0% to Rs 0 million during the period as against Rs 8 million in April-June 2023.

For the year ended March 2023, ISI BARS reported 29.1% increase in net profit to Rs -359 million compared to net loss of Rs 507 million during FY22. Revenue of the company fell 80.2% to Rs 47 million during FY23.

The current Price to earnings ratio of ISI BARS, based on rolling 12 month earnings, stands at -27.2.


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