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MISHRA DHATU NIGAM Gains 7%; BSE METAL Index Up 0.5%
Thu, 14 Nov 9:14

MISHRA DHATU NIGAM Gains 7%; BSE METAL Index Up 0.5%Image source: Sefa Ozel/www.istockphoto.com

MISHRA DHATU NIGAM share price has zoomed 7% and is presently trading at Rs 319.0.

Meanwhile, the BSE METAL index is at 29,593.4 (up 0.5%).

Among the top gainers in the BSE METAL index today are JSW Steel (up 1.4%) and APOLLO TUBES (up 0.7%).

Coal India is among the top losers today.

Over the last one year, MISHRA DHATU NIGAM has moved down from Rs 363.0 to Rs 319.0, registering a loss of Rs 44.0 (down 12.1%).

On the other hand, the BSE METAL index has moved up from 23,253.3 to 29,593.4, registering a gain of 27.3% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 77.4%), Hindustan Zinc (up 59.9%) and Jindal Steel (up 35.0%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,643.4 (down 0.1%).

The top losers among the BSE Sensex today are Power Grid Corp. (down 1.0%) and Tech Mahindra (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 23,542.2 (down 0.1%). Titan and Power Grid Corp. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,643.4, registering a gain of 12,384.0 points (up 19.0%).

MISHRA DHATU NIGAM Financial Update...

MISHRA DHATU NIGAM net profit fell 72.4% YoY to Rs 51 million for the quarter ended June 2024, compared to a profit of Rs 185 million a year ago. Net sales declined 12.9% to Rs 1,635 million during the period as against Rs 1,877 million in April-June 2023.

For the year ended March 2024, MISHRA DHATU NIGAM reported 41.3% decrease in net profit to Rs 918 million compared to net profit of Rs 1,563 million during FY23. Revenue of the company grew 23.0% to Rs 10,727 million during FY24.

The current Price to earnings ratio of MISHRA DHATU NIGAM, based on rolling 12 month earnings, stands at 76.8.


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