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RATHI BARS Plunges 7%; BSE METAL Index Down 0.0%
Mon, 14 Oct 13:42

RATHI BARS Plunges 7%; BSE METAL Index Down 0.0%Image source: ThinkNeo/www.istockphoto.com

RATHI BARS share price has plunged 7% and is presently trading at Rs 52.3.

Meanwhile, the BSE METAL index is at 33,636.2 .

Among the top losers in the BSE METAL index today are Jindal Steel (down 1.6%) and Tata Steel (down 1.2%).

Hindustan Zinc (up 2.2%) and NMDC (up 1.4%) are among the top gainers today.

Over the last one year, RATHI BARS has moved up from Rs 25.1 to Rs 52.3, registering a gain of Rs 27.3 (up 108.7%).

On the other hand, the BSE METAL index has moved up from 22,958.6 to 33,636.2, registering a gain of 46.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 124.2%), Coal India (up 64.8%) and Hindustan Zinc (up 62.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,978.9 (up 0.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.7%) and L&T (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,117.8 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,978.9, registering a gain of 15,899.5 points (up 24.1%).

RATHI BARS Financial Update...

RATHI BARS net profit fell 1.9% YoY to Rs 10 million for the quarter ended June 2024, compared to a profit of Rs 10 million a year ago. Net sales declined 13.1% to Rs 1,475 million during the period as against Rs 1,698 million in April-June 2023.

For the year ended March 2024, RATHI BARS reported 38.1% increase in net profit to Rs 36 million compared to net profit of Rs 26 million during FY23. Revenue of the company grew 27.3% to Rs 6,140 million during FY24.

The current Price to earnings ratio of RATHI BARS, based on rolling 12 month earnings, stands at 21.2.

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