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RAM RAT.WIRE Gains 4%; BSE METAL Index Up 1.3%
Fri, 16 Aug 9:35

RAM RAT.WIRE Gains 4%; BSE METAL Index Up 1.3%Image source: Ivcandy/www.istockphoto.com

RAM RAT.WIRE share price has zoomed 4% and is presently trading at Rs 462.0.

Meanwhile, the BSE METAL index is at 30,701.5 (up 1.3%).

Among the top gainers in the BSE METAL index today are SAIL (up 2.4%) and Hindalco (up 2.3%).

Hindustan Zinc (down 6.6%) and APOLLO TUBES (down 0.6%) are among the top losers today.

Over the last one year, RAM RAT.WIRE has moved up from Rs 295.2 to Rs 462.0, registering a gain of Rs 166.8 (up 56.5%).

On the other hand, the BSE METAL index has moved up from 21,481.0 to 30,701.5, registering a gain of 42.9% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 116.8%), Vedanta (up 82.5%) and NMDC (up 78.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,906.0 (up 1.0%).

The top gainers among the BSE Sensex today are M&M (up 2.9%) and Tata Motors (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.

In the meantime, NSE Nifty is at 24,391.7 (up 1.0%). M&M and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,906.0, registering a gain of 14,504.1 points (up 22.2%).

RAM RAT.WIRE Financial Update...

RAM RAT.WIRE net profit grew 81.1% YoY to Rs 163 million for the quarter ended June 2024, compared to a profit of Rs 90 million a year ago. Net sales rose 23.1% to Rs 8,915 million during the period as against Rs 7,244 million in April-June 2023.

For the year ended March 2024, RAM RAT.WIRE reported 16.2% increase in net profit to Rs 546 million compared to net profit of Rs 470 million during FY23. Revenue of the company grew 12.6% to Rs 29,832 million during FY24.

The current Price to earnings ratio of RAM RAT.WIRE, based on rolling 12 month earnings, stands at 33.0.


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