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NALWA SONS INV Gains 10%; BSE METAL Index Down 1.4%
Mon, 21 Oct 15:51

NALWA SONS INV Gains 10%; BSE METAL Index Down 1.4%Image source: Eoneren/www.istockphoto.com

NALWA SONS INV share price has zoomed 10% and is presently trading at Rs 7,766.0.

Meanwhile, the BSE METAL index is at 32,665.0 (down 1.4%).

NMDC (down 2.8%) and Hindalco (down 2.0%) are among the top losers today.

Over the last one year, NALWA SONS INV has moved up from Rs 2,626.9 to Rs 7,766.0, registering a gain of Rs 5,139.2 (up 195.6%).

On the other hand, the BSE METAL index has moved up from 23,655.6 to 32,665.0, registering a gain of 38.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 106.4%), Hindustan Zinc (up 56.4%) and Coal India (up 52.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,151.3 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 4.7%) and Bajaj Finserv (down 3.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,739.5 (down 0.5%). Tata Consumer Products and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,428.1 to 81,151.3, registering a gain of 14,723.2 points (up 22.2%).

NALWA SONS INV Financial Update...

NALWA SONS INV net profit grew 78.9% YoY to Rs 291 million for the quarter ended June 2024, compared to a profit of Rs 163 million a year ago. Net sales rose 57.5% to Rs 396 million during the period as against Rs 252 million in April-June 2023.

For the year ended March 2024, NALWA SONS INV reported 39.2% decrease in net profit to Rs 563 million compared to net profit of Rs 926 million during FY23. Revenue of the company fell 36.3% to Rs 836 million during FY24.

The current Price to earnings ratio of NALWA SONS INV, based on rolling 12 month earnings, stands at 58.6.


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