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MODISON METALS Plunges 9%; BSE CAPITAL GOODS Index Down 0.7%
Tue, 13 Aug 14:53

MODISON METALS Plunges 9%; BSE CAPITAL GOODS Index Down 0.7%Image source: bluebay2014/www.istockphoto.com

MODISON METALS share price has plunged 9% and is presently trading at Rs 162.7.

Meanwhile, the BSE CAPITAL GOODS index is at 72,046.6 (down 0.7%).

Among the top losers in the BSE CAPITAL GOODS index today are AIA Engineering (down 5.5%) and GMR Infra (down 2.4%).

V GUARD IND. (up 2.9%) and Thermax (up 1.6%) are among the top gainers today.

Over the last one year, MODISON METALS has moved up from Rs 79.9 to Rs 162.7, registering a gain of Rs 82.8 (up 103.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,553.3 to 72,046.6, registering a gain of 65.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 188.5%), HINDUSTAN AERO. (up 146.3%) and Bharat Electronics (up 125.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,979.5 (down 0.8%).

The top losers among the BSE Sensex today are HDFC Bank (down 3.3%) and Tata Motors (down 2.1%). The most traded stocks in the BSE Sensex are Reliance Ind. and Tata Steel.

In the meantime, NSE Nifty is at 24,131.7 (down 0.9%). BPCL and HDFC Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 78,979.5, registering a gain of 12,983.7 points (up 19.7%).

MODISON METALS Financial Update...

MODISON METALS net profit fell 19.7% YoY to Rs 62 million for the quarter ended March 2024, compared to a profit of Rs 77 million a year ago. Net sales rose 29.9% to Rs 1,136 million during the period as against Rs 874 million in January-March 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 24.7.

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