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Ratnamani Metals Plunges 5%; BSE METAL Index Up 0.6%
Wed, 14 Aug 9:19

Ratnamani Metals Plunges 5%; BSE METAL Index Up 0.6%Image source: CreativaImages/www.istockphoto.com

Ratnamani Metals share price has plunged 5% and is presently trading at Rs 3,403.1.

Meanwhile, the BSE METAL index is at 30,976.6 (up 0.6%).

Among the top losers in the BSE METAL index today is Hindustan Zinc (down 1.8%).

Hindalco (up 1.9%) and SAIL (up 0.8%) are among the top gainers today.

Over the last one year, Ratnamani Metals has moved up from Rs 2,667.4 to Rs 3,403.1, registering a gain of Rs 735.7 (up 27.6%).

On the other hand, the BSE METAL index has moved up from 21,481.0 to 30,976.6, registering a gain of 44.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 123.3%), NMDC (up 89.6%) and Vedanta (up 81.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,065.2 (up 0.1%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 1.1%) and NTPC (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,184.4 (up 0.2%). Hindalco and Cipla are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,065.2, registering a gain of 13,663.3 points (up 20.9%).

Ratnamani Metals Financial Update...

Ratnamani Metals net profit fell 21.5% YoY to Rs 1,059 million for the quarter ended June 2024, compared to a profit of Rs 1,349 million a year ago. Net sales rose 0.7% to Rs 11,837 million during the period as against Rs 11,749 million in April-June 2023.

For the year ended March 2024, Ratnamani Metals reported 22.0% increase in net profit to Rs 6,251 million compared to net profit of Rs 5,123 million during FY23. Revenue of the company grew 13.1% to Rs 50,591 million during FY24.

The current Price to earnings ratio of Ratnamani Metals, based on rolling 12 month earnings, stands at 40.0.


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