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USHA MARTIN Gains 8%; BSE METAL Index Up 1.2%
Mon, 28 Oct 12:0

USHA MARTIN Gains 8%; BSE METAL Index Up 1.2%Image source: DNY59/www.istockphoto.com

USHA MARTIN share price has zoomed 8% and is presently trading at Rs 413.0.

Meanwhile, the BSE METAL index is at 31,224.0 (up 1.2%).

Among the top gainers in the BSE METAL index today are NMDC (up 4.4%) and Hindustan Zinc (up 3.4%).

Coal India (down 3.3%) and APOLLO TUBES (down 0.8%) are among the top losers today.

Over the last one year, USHA MARTIN has moved up from Rs 279.1 to Rs 413.0, registering a gain of Rs 133.9 (up 48.0%).

On the other hand, the BSE METAL index has moved up from 22,460.5 to 31,224.0, registering a gain of 39.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 116.5%), Hindustan Zinc (up 75.8%) and Hindalco (up 50.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,301.6 (up 1.1%).

The top gainers among the BSE Sensex today are ICICI Bank (up 3.7%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,420.4 (up 1.0%). Shriram Transport and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 80,301.6, registering a gain of 16,252.6 points (up 25.4%).

USHA MARTIN Financial Update...

USHA MARTIN net profit grew 2.0% YoY to Rs 998 million for the quarter ended June 2024, compared to a profit of Rs 978 million a year ago. Net sales rose 1.5% to Rs 8,264 million during the period as against Rs 8,144 million in April-June 2023.

For the year ended March 2024, USHA MARTIN reported 21.0% increase in net profit to Rs 4,241 million compared to net profit of Rs 3,506 million during FY23. Revenue of the company fell 1.3% to Rs 32,252 million during FY24.

The current Price to earnings ratio of USHA MARTIN, based on rolling 12 month earnings, stands at 30.4.


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