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GOOD LUCK STEEL Plunges 4%; BSE METAL Index Down 0.3%
Tue, 3 Sep 11:22

GOOD LUCK STEEL Plunges 4%; BSE METAL Index Down 0.3%Image source: phive2015/www.istockphoto.com

GOOD LUCK STEEL share price has plunged 4% and is presently trading at Rs 1,169.1.

Meanwhile, the BSE METAL index is at 31,973.4 (down 0.3%).

Among the top losers in the BSE METAL index today are Jindal Steel (down 1.1%) and SAIL (down 0.8%).

Vedanta (up 0.4%) and Hindalco are among the top gainers today.

Over the last one year, GOOD LUCK STEEL has moved up from Rs 575.3 to Rs 1,169.1, registering a gain of Rs 593.8 (up 103.2%).

On the other hand, the BSE METAL index has moved up from 21,751.0 to 31,973.4, registering a gain of 47.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 127.5%), Vedanta (up 96.6%) and NMDC (up 74.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,474.1 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.9%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,256.7 (down 0.1%). Bajaj Finance and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,474.1, registering a gain of 17,386.8 points (up 26.7%).

GOOD LUCK STEEL Financial Update...

GOOD LUCK STEEL net profit grew 25.9% YoY to Rs 360 million for the quarter ended June 2024, compared to a profit of Rs 286 million a year ago. Net sales rose 6.4% to Rs 9,131 million during the period as against Rs 8,580 million in April-June 2023.

For the year ended March 2023, GOOD LUCK STEEL reported 17.1% increase in net profit to Rs 878 million compared to net profit of Rs 750 million during FY22. Revenue of the company grew 17.6% to Rs 30,720 million during FY23.

The current Price to earnings ratio of GOOD LUCK STEEL, based on rolling 12 month earnings, stands at 27.4.

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