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SUNFLAG IRON & STEEL COMPANY Gains 7%; BSE METAL Index Up 0.2%
Thu, 1 Aug 12:15

SUNFLAG IRON & STEEL COMPANY Gains 7%; BSE METAL Index Up 0.2%Image source: alexsl/www.istockphoto.com

SUNFLAG IRON & STEEL COMPANY share price has zoomed 7% and is presently trading at Rs 270.0.

Meanwhile, the BSE METAL index is at 32,831.7 (up 0.2%).

Among the top gainers in the BSE METAL index today are Coal India (up 3.0%) and Hindalco (up 0.8%).

Tata Steel (down 2.0%) and SAIL (down 1.1%) are among the top losers today.

Over the last one year, SUNFLAG IRON & STEEL COMPANY has moved up from Rs 229.1 to Rs 270.0, registering a gain of Rs 40.9 (up 17.8%).

On the other hand, the BSE METAL index has moved up from 22,180.7 to 32,831.7, registering a gain of 48.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 134.6%), NMDC (up 107.5%) and Hindustan Zinc (up 100.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,800.1 (up 0.1%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.2%) and NTPC (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,991.4 (up 0.2%). Power Grid Corp. and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,800.1, registering a gain of 15,272.5 points (up 23.0%).

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 34.3.


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