REMI METALS share price has zoomed 7% and is presently trading at Rs 44.1.
Meanwhile, the BSE METAL index is at 33,296.4 .
Among the top gainers in the BSE METAL index today are Coal India (up 1.0%) and APOLLO TUBES (up 0.6%).
NMDC (down 1.1%) and JSW Steel (down 0.5%) are among the top losers today.
Over the last one year, REMI METALS has moved up from Rs 26.8 to Rs 44.1, registering a gain of Rs 17.3 (up 64.5%).
On the other hand, the BSE METAL index has moved up from 20,503.1 to 33,296.4, registering a gain of 62.4% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were NMDC (up 138.3%), Hindustan Zinc (up 113.4%) and Coal India (up 110.9%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 79,501.6 .
The top gainers among the BSE Sensex today are Infosys (up 1.2%) and HCl Tech. (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,133.3 . HDFC LIFE INSURANCE and Tata Motors are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,501.6, registering a gain of 15,586.2 points (up 24.4%).
REMI METALS net profit grew 396.7% YoY to Rs 400 million for the quarter ended March 2024, compared to a profit of Rs 81 million a year ago. Net sales rose 9.8% to Rs 1,513 million during the period as against Rs 1,378 million in January-March 2023.
For the year ended March 2023, REMI METALS reported 57.6% increase in net profit to Rs -137 million compared to net loss of Rs 324 million during FY22. Revenue of the company grew 155.9% to Rs 4,178 million during FY23.
The current Price to earnings ratio of REMI METALS, based on rolling 12 month earnings, stands at 37.4.
Equitymaster requests your view! Post a comment on "REMI METALS Gains 7%; BSE METAL Index Up 0.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!