INDIAN METALS share price has zoomed 4% and is presently trading at Rs 646.7.
Meanwhile, the BSE METAL index is at 31,115.4 (up 1.3%).
Among the top gainers in the BSE METAL index today are NMDC (up 2.1%) and Tata Steel (up 1.9%).
Over the last one year, INDIAN METALS has moved up from Rs 402.0 to Rs 646.7, registering a gain of Rs 244.7 (up 60.9%).
On the other hand, the BSE METAL index has moved up from 23,528.2 to 31,115.4, registering a gain of 32.2% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 81.8%), Coal India (up 73.9%) and Hindustan Zinc (up 50.3%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 81,814.5 (up 0.4%).
The top gainers among the BSE Sensex today are Tata Steel (up 1.9%) and MUNDRA PORT & SEZ (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 25,045.8 (up 0.5%). Tata Steel and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,814.5, registering a gain of 14,687.5 points (up 21.9%).
INDIAN METALS net profit grew 2.6% YoY to Rs 1,133 million for the quarter ended June 2024, compared to a profit of Rs 1,105 million a year ago. Net sales declined 5.6% to Rs 6,623 million during the period as against Rs 7,017 million in April-June 2023.
For the year ended March 2024, INDIAN METALS reported 64.9% increase in net profit to Rs 3,724 million compared to net profit of Rs 2,258 million during FY23. Revenue of the company grew 3.9% to Rs 27,802 million during FY24.
The current Price to earnings ratio of INDIAN METALS, based on rolling 12 month earnings, stands at 9.3.
Equitymaster requests your view! Post a comment on "INDIAN METALS Gains 4%; BSE METAL Index Up 1.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!