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NALWA SONS INV Plunges 8%; BSE METAL Index Down 2.3%
Fri, 25 Oct 12:26

NALWA SONS INV Plunges 8%; BSE METAL Index Down 2.3%Image source: Sakorn BernardaSv/www.istockphoto.com

NALWA SONS INV share price has plunged 8% and is presently trading at Rs 6,459.0.

Meanwhile, the BSE METAL index is at 30,823.7 (down 2.3%).

Among the top losers in the BSE METAL index today are Hindustan Zinc (down 5.2%) and SAIL (down 3.9%).

NMDC (up 0.6%) is among the top gainers today.

Over the last one year, NALWA SONS INV has moved up from Rs 2,458.9 to Rs 6,459.0, registering a gain of Rs 4,000.2 (up 162.7%).

On the other hand, the BSE METAL index has moved up from 22,271.2 to 30,823.7, registering a gain of 38.4% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 111.2%), Hindustan Zinc (up 68.4%) and Coal India (up 50.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,343.6 (down 0.9%).

The top losers among the BSE Sensex today are Indusind Bank (down 19.4%) and M&M (down 4.6%). The most traded stocks in the BSE Sensex are Tata Steel and Indusind Bank.

In the meantime, NSE Nifty is at 24,101.5 (down 1.2%). Indusind Bank and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,343.6, registering a gain of 14,771.7 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 48.8.


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