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SUNFLAG IRON & STEEL COMPANY Gains 9%; BSE METAL Index Up 0.5%
Thu, 4 Jul 9:53

SUNFLAG IRON & STEEL COMPANY Gains 9%; BSE METAL Index Up 0.5%Image source: DNY59/www.istockphoto.com

SUNFLAG IRON & STEEL COMPANY share price has zoomed 9% and is presently trading at Rs 255.0.

Meanwhile, the BSE METAL index is at 33,730.9 (up 0.5%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 2.1%) and Hindalco (up 1.2%).

APOLLO TUBES (down 0.3%) is among the top losers today.

Over the last one year, SUNFLAG IRON & STEEL COMPANY has moved up from Rs 168.5 to Rs 255.0, registering a gain of Rs 86.5 (up 51.4%).

On the other hand, the BSE METAL index has moved up from 20,790.0 to 33,730.9, registering a gain of 62.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 134.8%), Hindustan Zinc (up 122.0%) and Coal India (up 110.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,335.2 (up 0.4%).

The top gainers among the BSE Sensex today are ICICI Bank (up 1.9%) and HCl Tech. (up 1.8%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.

In the meantime, NSE Nifty is at 24,388.5 (up 0.4%). ICICI Bank and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,335.2, registering a gain of 15,130.1 points (up 23.2%).

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 32.4.


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