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NALWA SONS INV Plunges 5%; BSE METAL Index Up 0.0%
Tue, 29 Oct 9:24

NALWA SONS INV Plunges 5%; BSE METAL Index Up 0.0%Image source: Kameleon007 /www.istockphoto.com

NALWA SONS INV share price has plunged 5% and is presently trading at Rs 5,802.0.

Meanwhile, the BSE METAL index is at 31,245.2 .

Among the top losers in the BSE METAL index today are APOLLO TUBES (down 0.9%) and Hindalco (down 0.4%).

Coal India (up 1.0%) and Hindustan Zinc (up 1.0%) are among the top gainers today.

Over the last one year, NALWA SONS INV has moved up from Rs 2,425.3 to Rs 5,802.0, registering a gain of Rs 3,376.8 (up 139.2%).

On the other hand, the BSE METAL index has moved up from 22,460.5 to 31,245.2, registering a gain of 39.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 116.2%), Hindustan Zinc (up 77.5%) and Hindalco (up 49.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,718.3 (down 0.4%).

The top losers among the BSE Sensex today are M&M (down 1.8%) and Bharti Airtel (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,293.7 (down 0.2%). M&M and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,718.3, registering a gain of 15,669.2 points (up 24.5%).

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 43.8.


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