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NALWA SONS INV Gains 7%; BSE METAL Index Down 0.9%
Tue, 15 Oct 9:48

NALWA SONS INV Gains 7%; BSE METAL Index Down 0.9%Image source: peterschreiber.media/www.istockphoto.com

NALWA SONS INV share price has zoomed 7% and is presently trading at Rs 5,210.4.

Meanwhile, the BSE METAL index is at 33,307.7 (down 0.9%).

Jindal Steel (down 1.8%) and NMDC (down 1.3%) are among the top losers today.

Over the last one year, NALWA SONS INV has moved up from Rs 2,607.6 to Rs 5,210.4, registering a gain of Rs 2,602.8 (up 99.8%).

On the other hand, the BSE METAL index has moved up from 23,059.1 to 33,307.7, registering a gain of 44.4% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 117.4%), Coal India (up 65.1%) and Hindustan Zinc (up 62.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,119.6 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 1.2%) and Bharti Airtel (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,157.6 (up 0.1%). BPCL and IOC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 82,119.6, registering a gain of 15,646.6 points (up 23.5%).

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 39.3.


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