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SHIV.BIMETAL Plunges 6%; BSE METAL Index Up 0.3%
Tue, 26 Nov 9:24

SHIV.BIMETAL Plunges 6%; BSE METAL Index Up 0.3%Image source: ThinkNeo/www.istockphoto.com

SHIV.BIMETAL share price has plunged 6% and is presently trading at Rs 537.8.

Meanwhile, the BSE METAL index is at 30,353.0 (up 0.3%).

Among the top losers in the BSE METAL index today are Jindal Steel (down 0.6%) and Hindustan Zinc (down 0.5%).

APOLLO TUBES (up 0.6%) and Tata Steel (up 0.3%) are among the top gainers today.

Over the last one year, SHIV.BIMETAL has moved down from Rs 542.0 to Rs 537.8, registering a loss of Rs 4.2 (down 0.8%).

On the other hand, the BSE METAL index has moved up from 23,633.2 to 30,353.0, registering a gain of 28.4% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 87.7%), Hindustan Zinc (up 65.6%) and Jindal Steel (up 33.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,392.9 (up 0.4%).

The top gainers among the BSE Sensex today are Infosys (up 1.8%) and Bharti Airtel (up 0.8%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,310.4 (up 0.4%). Infosys and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 80,392.9, registering a gain of 14,369.7 points (up 21.8%).

SHIV.BIMETAL Financial Update...

SHIV.BIMETAL net profit fell 2.5% YoY to Rs 198 million for the quarter ended September 2024, compared to a profit of Rs 203 million a year ago. Net sales declined 0.9% to Rs 1,267 million during the period as against Rs 1,278 million in July-September 2023.

For the year ended March 2024, SHIV.BIMETAL reported 6.5% increase in net profit to Rs 843 million compared to net profit of Rs 791 million during FY23. Revenue of the company grew 8.2% to Rs 5,089 million during FY24.

The current Price to earnings ratio of SHIV.BIMETAL, based on rolling 12 month earnings, stands at 40.4.


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