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SAIL Plunges 4%; BSE METAL Index Down 4.2%
Fri, 19 Jul 15:26

SAIL Plunges 4%; BSE METAL Index Down 4.2%Image source: phive2015/www.istockphoto.com

SAIL share price has plunged 4% and is presently trading at Rs 141.5.

Meanwhile, the BSE METAL index is at 31,495.2 (down 4.2%).

Among the top losers in the BSE METAL index today are NMDC (down 5.5%) and Tata Steel (down 5.2%).

Over the last one year, SAIL has moved up from Rs 91.6 to Rs 141.5, registering a gain of Rs 49.9 (up 54.4%).

On the other hand, the BSE METAL index has moved up from 21,445.2 to 31,495.2, registering a gain of 46.9% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 111.8%), NMDC (up 101.4%) and Hindustan Zinc (up 97.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,599.1 (down 0.9%).

The top losers among the BSE Sensex today are Tata Steel (down 5.2%) and JSW Steel (down 4.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,526.6 (down 1.1%). Tata Steel and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,599.1, registering a gain of 14,009.2 points (up 21.0%).

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 22.2.


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