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
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 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.
Equitymaster requests your view! Post a comment on "SAIL Plunges 3%; BSE METAL Index Down 0.4%". 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!