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INDIAN METALS Gains 4%; BSE METAL Index Up 1.3%
Thu, 12 Sep 9:47

INDIAN METALS Gains 4%; BSE METAL Index Up 1.3%Image source: ipopba/www.istockphoto.com

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%).

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What About the Benchmark Indices?

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 Financial Update...

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.


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