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SUNFLAG IRON & STEEL COMPANY Plunges 8%; BSE METAL Index Down 4.9%
Mon, 5 Aug 12:1

SUNFLAG IRON & STEEL COMPANY Plunges 8%; BSE METAL Index Down 4.9%Image source: KanawatTH/www.istockphoto.com

SUNFLAG IRON & STEEL COMPANY share price has plunged 8% and is presently trading at Rs 239.0.

Meanwhile, the BSE METAL index is at 30,351.3 (down 4.9%).

Among the top losers in the BSE METAL index today are SAIL (down 6.4%) and Hindustan Zinc (down 5.5%).

Over the last one year, SUNFLAG IRON & STEEL COMPANY has moved down from Rs 240.6 to Rs 239.0, registering a loss of Rs 1.6 (down 0.7%).

On the other hand, the BSE METAL index has moved up from 22,347.9 to 30,351.3, registering a gain of 35.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 109.2%), NMDC (up 92.5%) and Hindustan Zinc (up 91.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,587.3 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.0%) and MUNDRA PORT & SEZ (down 5.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,990.5 (down 2.9%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,587.3, registering a gain of 12,128.0 points (up 18.2%).

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 30.4.


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