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NALWA SONS INV Gains 6%; BSE METAL Index Up 1.7%
Fri, 18 Oct 13:43

NALWA SONS INV Gains 6%; BSE METAL Index Up 1.7%Image source: hudiemm/www.istockphoto.com

NALWA SONS INV share price has zoomed 6% and is presently trading at Rs 6,630.1.

Meanwhile, the BSE METAL index is at 33,158.0 (up 1.7%).

Among the top gainers in the BSE METAL index today are Jindal Steel (up 4.2%) and NMDC (up 3.2%).

Hindustan Zinc (down 0.8%) is among the top losers today.

Over the last one year, NALWA SONS INV has moved up from Rs 2,609.7 to Rs 6,630.1, registering a gain of Rs 4,020.4 (up 154.1%).

On the other hand, the BSE METAL index has moved up from 23,515.5 to 33,158.0, registering a gain of 41.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 108.7%), Coal India (up 57.4%) and Hindustan Zinc (up 56.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,327.9 (up 0.4%).

The top gainers among the BSE Sensex today are Axis Bank (up 6.0%) and Tata Motors (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,858.1 (up 0.4%). Axis Bank and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,327.9, registering a gain of 15,160.9 points (up 22.9%).

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 50.0.


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