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MODISON METALS Gains 9%; BSE CAPITAL GOODS Index Up 0.6%
Wed, 11 Sep 11:51

MODISON METALS Gains 9%; BSE CAPITAL GOODS Index Up 0.6%Image source: DNY59/www.istockphoto.com

MODISON METALS share price has zoomed 9% and is presently trading at Rs 171.5.

Meanwhile, the BSE CAPITAL GOODS index is at 71,992.3 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 3.8%) and Lakshmi Machine (up 2.3%).

V GUARD IND. (down 1.2%) and AIA Engineering (down 0.9%) are among the top losers today.

Over the last one year, MODISON METALS has moved up from Rs 82.3 to Rs 171.5, registering a gain of Rs 89.2 (up 108.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,746.4 to 71,992.3, registering a gain of 50.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 128.7%), Bharat Electronics (up 99.4%) and BHEL (up 88.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 82,001.4 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.4%) and Bajaj Finance (up 1.8%). The most traded stocks in the BSE Sensex are Tata Motors and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 25,070.0 (up 0.1%). Bajaj Auto and Asian Paints are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,001.4, registering a gain of 14,874.3 points (up 22.2%).

MODISON METALS Financial Update...

MODISON METALS net profit fell 79.2% YoY to Rs 11 million for the quarter ended June 2024, compared to a profit of Rs 55 million a year ago. Net sales rose 35.4% to Rs 1,165 million during the period as against Rs 861 million in April-June 2023.

For the year ended March 2024, MODISON METALS reported 91.1% increase in net profit to Rs 214 million compared to net profit of Rs 112 million during FY23. Revenue of the company grew 20.9% to Rs 4,046 million during FY24.

The current Price to earnings ratio of MODISON METALS, based on rolling 12 month earnings, stands at 32.8.


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