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SAIL Plunges 3%; BSE METAL Index Down 0.4%
Wed, 23 Oct 9:40

SAIL Plunges 3%; BSE METAL Index Down 0.4%Image source: ThinkNeo/www.istockphoto.com

SAIL share price has plunged 3% and is presently trading at Rs 118.4.

Meanwhile, the BSE METAL index is at 31,556.4 (down 0.4%).

Among the top losers in the BSE METAL index today are Coal India (down 1.2%) and APOLLO TUBES (down 0.9%).

NMDC (up 2.4%) and Hindustan Zinc (up 1.9%) are among the top gainers today.

Over the last one year, SAIL has moved up from Rs 83.2 to Rs 118.4, registering a gain of Rs 35.2 (up 42.3%).

On the other hand, the BSE METAL index has moved up from 22,271.2 to 31,556.4, registering a gain of 41.7% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 114.0%), Hindustan Zinc (up 72.3%) and Hindalco (up 58.3%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,246.3 .

The top gainers among the BSE Sensex today are Bajaj Finance (up 3.3%) and Bajaj Finserv (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,469.9 . NTPC and Power Grid Corp. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,246.3, registering a gain of 15,674.4 points (up 24.3%).

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 19.9.


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