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SUNFLAG IRON & STEEL COMPANY Plunges 7%; BSE METAL Index Down 1.5%
Mon, 7 Oct 10:28

SUNFLAG IRON & STEEL COMPANY Plunges 7%; BSE METAL Index Down 1.5%Image source: bluebay2014/www.istockphoto.com

SUNFLAG IRON & STEEL COMPANY share price has plunged 7% and is presently trading at Rs 214.1.

Meanwhile, the BSE METAL index is at 33,749.6 (down 1.5%).

Among the top losers in the BSE METAL index today are APOLLO TUBES (down 3.9%) and SAIL (down 3.1%).

Over the last one year, SUNFLAG IRON & STEEL COMPANY has moved up from Rs 195.2 to Rs 214.1, registering a gain of Rs 18.9 (up 9.7%).

On the other hand, the BSE METAL index has moved up from 23,025.5 to 33,749.6, registering a gain of 46.6% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 117.7%), Coal India (up 67.1%) and Hindustan Zinc (up 64.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,917.8 (up 0.3%).

The top gainers among the BSE Sensex today are ITC (up 1.8%) and ICICI Bank (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,049.5 (up 0.1%). ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,917.8, registering a gain of 16,405.7 points (up 25.0%).

SUNFLAG IRON & STEEL COMPANY Financial Update...

SUNFLAG IRON & STEEL COMPANY net profit grew 9.7% YoY to Rs 276 million for the quarter ended June 2024, compared to a profit of Rs 252 million a year ago. Net sales rose 14.1% to Rs 8,947 million during the period as against Rs 7,845 million in April-June 2023.

For the year ended March 2024, SUNFLAG IRON & STEEL COMPANY reported 87.3% decrease in net profit to Rs 1,417 million compared to net profit of Rs 11,144 million during FY23. Revenue of the company fell 2.1% to Rs 34,153 million during FY24.

The current Price to earnings ratio of SUNFLAG IRON & STEEL COMPANY, based on rolling 12 month earnings, stands at 26.8.


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