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NALWA SONS INV Plunges 5%; BSE METAL Index Down 0.2%
Thu, 21 Nov 15:22

NALWA SONS INV Plunges 5%; BSE METAL Index Down 0.2%Image source: CreativaImages/www.istockphoto.com

NALWA SONS INV share price has plunged 5% and is presently trading at Rs 8,940.0.

Meanwhile, the BSE METAL index is at 29,727.7 (down 0.2%).

Among the top losers in the BSE METAL index today are APOLLO TUBES (down 2.6%) and NMDC (down 1.6%).

Hindalco (up 1.2%) and Jindal Steel (up 0.7%) are among the top gainers today.

Over the last one year, NALWA SONS INV has moved up from Rs 3,325.5 to Rs 8,940.0, registering a gain of Rs 5,614.5 (up 168.8%).

On the other hand, the BSE METAL index has moved up from 23,749.1 to 29,727.7, registering a gain of 25.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 84.9%), Hindustan Zinc (up 59.7%) and Jindal Steel (up 34.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,200.3 (down 0.5%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 13.5%) and NTPC (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 23,349.4 (down 0.7%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,200.3, registering a gain of 11,545.2 points (up 17.6%).

NALWA SONS INV Financial Update...

NALWA SONS INV net profit grew 69.2% YoY to Rs 342 million for the quarter ended September 2024, compared to a profit of Rs 202 million a year ago. Net sales rose 124.2% to Rs 597 million during the period as against Rs 266 million in July-September 2023.

For the year ended March 2024, NALWA SONS INV reported 39.2% decrease in net profit to Rs 563 million compared to net profit of Rs 926 million during FY23. Revenue of the company fell 36.3% to Rs 836 million during FY24.

The current Price to earnings ratio of NALWA SONS INV, based on rolling 12 month earnings, stands at 56.0.


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