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STEEL STRIPS & TU Gains 8%; BSE METAL Index Up 1.5%
Fri, 16 Aug 9:23

STEEL STRIPS & TU Gains 8%; BSE METAL Index Up 1.5%Image source: Kameleon007 /www.istockphoto.com

STEEL STRIPS & TU share price has zoomed 8% and is presently trading at Rs 34.5.

Meanwhile, the BSE METAL index is at 30,769.4 (up 1.5%).

Among the top gainers in the BSE METAL index today are Hindalco (up 2.8%) and SAIL (up 2.6%).

Hindustan Zinc (down 6.1%) and APOLLO TUBES (down 0.2%) are among the top losers today.

Over the last one year, STEEL STRIPS & TU has moved up from Rs 25.7 to Rs 34.5, registering a gain of Rs 8.8 (up 34.0%).

On the other hand, the BSE METAL index has moved up from 21,481.0 to 30,769.4, registering a gain of 43.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 116.3%), Vedanta (up 83.1%) and NMDC (up 80.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,719.2 (up 0.8%).

The top gainers among the BSE Sensex today are M&M (up 2.4%) and Tech Mahindra (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.

In the meantime, NSE Nifty is at 24,342.4 (up 0.8%). M&M and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,719.2, registering a gain of 14,317.3 points (up 21.9%).

STEEL STRIPS & TU Financial Update...

STEEL STRIPS & TU net profit grew 3.9% YoY to Rs -3 million for the quarter ended June 2024, compared to a loss of Rs 4 million a year ago. Net sales rose 14.7% to Rs 3 million during the period as against Rs 3 million in April-June 2023.

For the year ended March 2023, STEEL STRIPS & TU reported 11.4% increase in net profit to Rs -14 million compared to net loss of Rs 15 million during FY22. Revenue of the company grew 0.4% to Rs 11 million during FY23.

The current Price to earnings ratio of STEEL STRIPS & TU, based on rolling 12 month earnings, stands at -22.7.

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