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SUNFLAG IRON & STEEL COMPANY Gains 8%; BSE METAL Index Up 0.3%
Tue, 2 Jul 12:5

SUNFLAG IRON & STEEL COMPANY Gains 8%; BSE METAL Index Up 0.3%Image source: DNY59/www.istockphoto.com

SUNFLAG IRON & STEEL COMPANY share price has zoomed 8% and is presently trading at Rs 240.8.

Meanwhile, the BSE METAL index is at 33,387.2 (up 0.3%).

Among the top gainers in the BSE METAL index today are Coal India (up 1.6%) and Hindalco (up 1.4%).

NMDC (down 2.5%) and APOLLO TUBES (down 1.0%) are among the top losers today.

Over the last one year, SUNFLAG IRON & STEEL COMPANY has moved up from Rs 162.4 to Rs 240.8, registering a gain of Rs 78.5 (up 48.3%).

On the other hand, the BSE METAL index has moved up from 20,503.1 to 33,387.2, registering a gain of 62.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 134.7%), Hindustan Zinc (up 112.3%) and Coal India (up 112.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,539.8 (up 0.1%).

The top gainers among the BSE Sensex today are Infosys (up 2.5%) and L&T (up 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,159.2 (up 0.1%). Wipro and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,539.8, registering a gain of 15,624.4 points (up 24.4%).

SUNFLAG IRON & STEEL COMPANY Financial Update...

SUNFLAG IRON & STEEL COMPANY net profit grew 5.3% YoY to Rs 421 million for the quarter ended March 2024, compared to a profit of Rs 400 million a year ago. Net sales rose 9.8% to Rs 9,190 million during the period as against Rs 8,370 million in January-March 2023.

For the year ended March 2023, SUNFLAG IRON & STEEL COMPANY reported 414.9% increase in net profit to Rs 11,144 million compared to net profit of Rs 2,164 million during FY22. Revenue of the company grew 29.3% to Rs 34,884 million during FY23.

The current Price to earnings ratio of SUNFLAG IRON & STEEL COMPANY, based on rolling 12 month earnings, stands at 30.6.


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