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RATNAVEER PRECISION ENGINEERING LTD. Gains 7%; BSE METAL Index Up 0.6%
Tue, 19 Nov 13:22

RATNAVEER PRECISION ENGINEERING LTD. Gains 7%; BSE METAL Index Up 0.6%Image source: peterschreiber.media/www.istockphoto.com

RATNAVEER PRECISION ENGINEERING LTD. share price has zoomed 7% and is presently trading at Rs 246.9.

Meanwhile, the BSE METAL index is at 30,236.4 (up 0.6%).

Among the top gainers in the BSE METAL index today are Coal India (up 1.2%) and SAIL (up 1.2%).

Jindal Steel (down 0.4%) is among the top losers today.

Over the last one year, RATNAVEER PRECISION ENGINEERING LTD. has moved up from Rs 120.6 to Rs 246.9, registering a gain of Rs 126.3 (up 104.8%).

On the other hand, the BSE METAL index has moved up from 23,838.4 to 30,236.4, registering a gain of 26.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 86.6%), Hindustan Zinc (up 63.3%) and Jindal Steel (up 36.1%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,398.3 (up 1.4%).

The top gainers among the BSE Sensex today are M&M (up 4.8%) and Tech Mahindra (up 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and Kotak Bank.

In the meantime, NSE Nifty is at 23,762.2 (up 1.3%). M&M and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,398.3, registering a gain of 12,722.4 points (up 19.4%).

RATNAVEER PRECISION ENGINEERING LTD. Financial Update...

RATNAVEER PRECISION ENGINEERING LTD. net profit grew 54.0% YoY to Rs 123 million for the quarter ended September 2024, compared to a profit of Rs 80 million a year ago. Net sales rose 61.4% to Rs 2,300 million during the period as against Rs 1,425 million in July-September 2023.

For the year ended March 2024, RATNAVEER PRECISION ENGINEERING LTD. reported 24.0% increase in net profit to Rs 311 million compared to net profit of Rs 250 million during FY23. Revenue of the company grew 24.1% to Rs 5,954 million during FY24.

The current Price to earnings ratio of RATNAVEER PRECISION ENGINEERING LTD., based on rolling 12 month earnings, stands at 33.0.


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