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RAM RAT.WIRE Gains 4%; BSE METAL Index Up 0.1%
Fri, 4 Oct 10:15

RAM RAT.WIRE Gains 4%; BSE METAL Index Up 0.1%Image source: phive2015/www.istockphoto.com

RAM RAT.WIRE share price has zoomed 4% and is presently trading at Rs 679.3.

Meanwhile, the BSE METAL index is at 34,456.8 (up 0.1%).

Among the top gainers in the BSE METAL index today are APOLLO TUBES (up 1.1%) and Hindalco (up 0.7%).

Coal India (down 0.5%) and Jindal Steel (down 0.3%) are among the top losers today.

Over the last one year, RAM RAT.WIRE has moved up from Rs 272.1 to Rs 679.3, registering a gain of Rs 407.2 (up 149.7%).

On the other hand, the BSE METAL index has moved up from 23,025.5 to 34,456.8, registering a gain of 49.6% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 122.7%), Coal India (up 71.3%) and Hindustan Zinc (up 70.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,442.4 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.5%) and NTPC (down 1.1%). The most traded stocks in the BSE Sensex are Axis Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,237.1 (down 0.1%). BPCL and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,442.4, registering a gain of 16,930.3 points (up 25.8%).

RAM RAT.WIRE Financial Update...

RAM RAT.WIRE net profit grew 81.1% YoY to Rs 163 million for the quarter ended June 2024, compared to a profit of Rs 90 million a year ago. Net sales rose 23.1% to Rs 8,915 million during the period as against Rs 7,244 million in April-June 2023.

For the year ended March 2024, RAM RAT.WIRE reported 16.2% increase in net profit to Rs 546 million compared to net profit of Rs 470 million during FY23. Revenue of the company grew 12.6% to Rs 29,832 million during FY24.

The current Price to earnings ratio of RAM RAT.WIRE, based on rolling 12 month earnings, stands at 48.5.


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