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SAIL Gains 4%; BSE METAL Index Up 0.6%
Fri, 28 Jun 13:46

SAIL Gains 4%; BSE METAL Index Up 0.6%Image source: Chunumunu/www.istockphoto.com

SAIL share price has zoomed 4% and is presently trading at Rs 148.3.

Meanwhile, the BSE METAL index is at 33,027.0 (up 0.6%).

Among the top gainers in the BSE METAL index today are Vedanta (up 2.7%) and Coal India (up 1.2%).

APOLLO TUBES (down 1.3%) and Hindustan Zinc (down 1.3%) are among the top losers today.

Over the last one year, SAIL has moved up from Rs 84.5 to Rs 148.3, registering a gain of Rs 63.8 (up 75.4%).

On the other hand, the BSE METAL index has moved up from 20,144.1 to 33,027.0, registering a gain of 64.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 135.8%), Hindustan Zinc (up 116.0%) and Coal India (up 110.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,255.8 .

The top gainers among the BSE Sensex today are Tata Motors (up 2.4%) and Reliance Ind. (up 2.2%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,080.1 (up 0.2%). Dr. Reddys and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,255.8, registering a gain of 16,285.8 points (up 25.9%).

SAIL Financial Update...

SAIL net profit grew 10.7% YoY to Rs 9,802 million for the quarter ended March 2024, compared to a profit of Rs 8,852 million a year ago. Net sales declined 4.0% to Rs 279,585 million during the period as against Rs 291,307 million in January-March 2023.

For the year ended March 2023, SAIL reported 82.2% decrease in net profit to Rs 21,765 million compared to net profit of Rs 122,435 million during FY22. Revenue of the company grew 0.9% to Rs 1,044,477 million during FY23.

The current Price to earnings ratio of SAIL, based on rolling 12 month earnings, stands at 23.3.

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