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Ratnamani Metals Gains 5%; BSE METAL Index Down 0.6%
Wed, 30 Oct 9:23

Ratnamani Metals Gains 5%; BSE METAL Index Down 0.6%Image source: Sakorn BernardaSv/www.istockphoto.com

Ratnamani Metals share price has zoomed 5% and is presently trading at Rs 3,718.6.

Meanwhile, the BSE METAL index is at 31,173.7 (down 0.6%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 1.0%) and Coal India (up 0.3%).

SAIL (down 1.6%) and APOLLO TUBES (down 1.4%) are among the top losers today.

Over the last one year, Ratnamani Metals has moved up from Rs 2,791.3 to Rs 3,718.6, registering a gain of Rs 927.3 (up 33.2%).

On the other hand, the BSE METAL index has moved up from 22,292.0 to 31,173.7, registering a gain of 39.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 117.2%), Hindustan Zinc (up 89.6%) and Hindalco (up 50.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,051.3 (down 0.4%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.5%) and M&M (down 1.5%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,365.2 (down 0.4%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,051.3, registering a gain of 15,938.7 points (up 24.9%).

Ratnamani Metals Financial Update...

Ratnamani Metals net profit fell 21.5% YoY to Rs 1,059 million for the quarter ended June 2024, compared to a profit of Rs 1,349 million a year ago. Net sales rose 0.7% to Rs 11,837 million during the period as against Rs 11,749 million in April-June 2023.

For the year ended March 2024, Ratnamani Metals reported 22.0% increase in net profit to Rs 6,251 million compared to net profit of Rs 5,123 million during FY23. Revenue of the company grew 13.1% to Rs 50,591 million during FY24.

The current Price to earnings ratio of Ratnamani Metals, based on rolling 12 month earnings, stands at 43.7.


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