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NMDC STEEL Gains 5%; BSE METAL Index Up 0.9%
Thu, 11 Jul 10:15

NMDC STEEL Gains 5%; BSE METAL Index Up 0.9%Image source: Eoneren/www.istockphoto.com

NMDC STEEL share price has zoomed 5% and is presently trading at Rs 60.6.

Meanwhile, the BSE METAL index is at 33,234.2 (up 0.9%).

Among the top gainers in the BSE METAL index today are Coal India (up 2.7%) and Hindustan Zinc (up 2.2%).

Vedanta (down 0.6%) is among the top losers today.

Over the last one year, NMDC STEEL has moved up from Rs 43.7 to Rs 60.6, registering a gain of Rs 16.9 (up 38.5%).

On the other hand, the BSE METAL index has moved up from 21,107.3 to 33,234.2, registering a gain of 57.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 128.1%), Coal India (up 115.6%) and Hindustan Zinc (up 105.9%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,976.9 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.2%) and Tata Steel (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,348.5 (up 0.1%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,976.9, registering a gain of 14,632.7 points (up 22.4%).

NMDC STEEL Financial Update...

NMDC STEEL net profit fell {profitpercent} YoY to Rs -8,608 million for the quarter ended March 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 18,457 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2023, NMDC STEEL reported 100.0% decrease in net profit to Rs 0 million compared to net profit of Rs 0 million during FY22. Revenue of the company fell 100.0% to Rs 0 million during FY23.

The current Price to earnings ratio of NMDC STEEL, based on rolling 12 month earnings, stands at -11.4.

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