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SAIL Gains 3%; BSE METAL Index Up 2.0%
Tue, 5 Nov 14:18

SAIL Gains 3%; BSE METAL Index Up 2.0%Image source: Sakorn BernardaSv/www.istockphoto.com

SAIL share price has zoomed 3% and is presently trading at Rs 117.8.

Meanwhile, the BSE METAL index is at 31,575.8 (up 2.0%).

Among the top gainers in the BSE METAL index today are JSW Steel (up 3.6%) and Hindustan Zinc (up 3.6%).

Coal India (down 2.1%) is among the top losers today.

Over the last one year, SAIL has moved up from Rs 83.0 to Rs 117.8, registering a gain of Rs 34.8 (up 41.9%).

On the other hand, the BSE METAL index has moved up from 21,916.4 to 31,575.8, registering a gain of 44.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 109.5%), Hindustan Zinc (up 92.2%) and Jindal Steel (up 58.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,305.7 (up 0.7%).

The top gainers among the BSE Sensex today are JSW Steel (up 3.6%) and Tata Steel (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,164.1 (up 0.7%). JSW Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 79,305.7, registering a gain of 15,714.4 points (up 24.7%).

SAIL Financial Update...

SAIL net profit fell 116.7% YoY to Rs -249 million for the quarter ended June 2024, compared to a profit of Rs 1,491 million a year ago. Net sales declined 1.5% to Rs 239,978 million during the period as against Rs 243,591 million in April-June 2023.

For the year ended March 2024, SAIL reported 40.9% increase in net profit to Rs 30,667 million compared to net profit of Rs 21,765 million during FY23. Revenue of the company grew 0.9% to Rs 1,053,783 million during FY24.

The current Price to earnings ratio of SAIL, based on rolling 12 month earnings, stands at 19.8.


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