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RATNAVEER PRECISION ENGINEERING LTD. Gains 7%; BSE METAL Index Up 0.5%
Wed, 3 Jul 13:29

RATNAVEER PRECISION ENGINEERING LTD. Gains 7%; BSE METAL Index Up 0.5%Image source: Chunumunu/www.istockphoto.com

RATNAVEER PRECISION ENGINEERING LTD. share price has zoomed 7% and is presently trading at Rs 171.3.

Meanwhile, the BSE METAL index is at 33,378.5 (up 0.5%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 3.1%) and SAIL (up 2.2%).

APOLLO TUBES (down 1.2%) and Hindalco (down 0.8%) are among the top losers today.

Over the last one year, RATNAVEER PRECISION ENGINEERING LTD. has moved up from Rs 0.0 to Rs 171.3, registering a gain of Rs 171.3 .

On the other hand, the BSE METAL index has moved up from 20,790.0 to 33,378.5, registering a gain of 60.6% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 131.6%), Hindustan Zinc (up 117.3%) and Coal India (up 109.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,965.4 (up 0.7%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.5%) and HDFC Bank (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,279.9 (up 0.7%). Tata Consumer Products and Axis Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,965.4, registering a gain of 14,760.3 points (up 22.6%).

RATNAVEER PRECISION ENGINEERING LTD. Financial Update...

RATNAVEER PRECISION ENGINEERING LTD. net profit fell {profitpercent} YoY to Rs 56 million for the quarter ended March 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 1,420 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2023, RATNAVEER PRECISION ENGINEERING LTD. reported 164.3% increase in net profit to Rs 250 million compared to net profit of Rs 95 million during FY22. Revenue of the company grew 12.4% to Rs 4,797 million during FY23.

The current Price to earnings ratio of RATNAVEER PRECISION ENGINEERING LTD., based on rolling 12 month earnings, stands at 26.8.


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