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KALYANI FORGE Plunges 4%; BSE METAL Index Up 0.8%
Tue, 26 Nov 10:32

KALYANI FORGE Plunges 4%; BSE METAL Index Up 0.8%Image source: Nikada/www.istockphoto.com

KALYANI FORGE share price has plunged 4% and is presently trading at Rs 616.6.

Meanwhile, the BSE METAL index is at 30,524.3 (up 0.8%).

Among the top losers in the BSE METAL index today are Hindustan Zinc (down 0.6%) and Coal India (down 0.5%).

APOLLO TUBES (up 1.5%) and Vedanta (up 1.4%) are among the top gainers today.

Over the last one year, KALYANI FORGE has moved up from Rs 455.6 to Rs 616.6, registering a gain of Rs 161.0 (up 35.3%).

On the other hand, the BSE METAL index has moved up from 23,633.2 to 30,524.3, registering a gain of 29.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 90.6%), Hindustan Zinc (up 65.5%) and Jindal Steel (up 36.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,958.7 (down 0.2%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.4%) and MUNDRA PORT & SEZ (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,201.3 (down 0.1%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,958.7, registering a gain of 13,935.5 points (up 21.1%).

KALYANI FORGE Financial Update...

KALYANI FORGE net profit grew 201.3% YoY to Rs 39 million for the quarter ended September 2024, compared to a profit of Rs 13 million a year ago. Net sales rose 2.3% to Rs 623 million during the period as against Rs 609 million in July-September 2023.

For the year ended March 2024, KALYANI FORGE reported 2576.9% increase in net profit to Rs 46 million compared to net loss of Rs 2 million during FY23. Revenue of the company fell 10.9% to Rs 2,368 million during FY24.

The current Price to earnings ratio of KALYANI FORGE, based on rolling 12 month earnings, stands at 34.6.

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