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NILE. Gains 10%; BSE METAL Index Down 0.5%
Tue, 13 Aug 13:1

NILE. Gains 10%; BSE METAL Index Down 0.5%Image source: peterschreiber.media/www.istockphoto.com

NILE. share price has zoomed 10% and is presently trading at Rs 2,305.6.

Meanwhile, the BSE METAL index is at 31,052.2 (down 0.5%).

Among the top gainers in the BSE METAL index today are Coal India (up 0.2%) and Jindal Steel .

Hindustan Zinc (down 3.2%) and APOLLO TUBES (down 1.8%) are among the top losers today.

Over the last one year, NILE. has moved up from Rs 730.4 to Rs 2,305.6, registering a gain of Rs 1,575.3 (up 215.7%).

On the other hand, the BSE METAL index has moved up from 21,923.7 to 31,052.2, registering a gain of 41.6% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 123.7%), NMDC (up 101.5%) and Hindustan Zinc (up 85.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,314.2 (down 0.4%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.7%) and Tata Motors (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,234.3 (down 0.5%). HDFC Bank and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,314.2, registering a gain of 13,318.4 points (up 20.2%).

NILE. Financial Update...

NILE. net profit fell 29.0% YoY to Rs 61 million for the quarter ended March 2024, compared to a profit of Rs 85 million a year ago. Net sales declined 19.8% to Rs 1,741 million during the period as against Rs 2,171 million in January-March 2023.

For the year ended March 2023, NILE. reported 5.4% decrease in net profit to Rs 226 million compared to net profit of Rs 238 million during FY22. Revenue of the company grew 14.8% to Rs 8,063 million during FY23.

The current Price to earnings ratio of NILE., based on rolling 12 month earnings, stands at 22.2.


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