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NILE. Gains 10%; BSE METAL Index Down 1.6%
Wed, 10 Jul 15:58

NILE. Gains 10%; BSE METAL Index Down 1.6%Image source: Nikada/www.istockphoto.com

NILE. share price has zoomed 10% and is presently trading at Rs 2,309.1.

Meanwhile, the BSE METAL index is at 32,947.9 (down 1.6%).

Among the top gainers in the BSE METAL index today is APOLLO TUBES (up 0.9%).

SAIL (down 3.2%) and NMDC (down 2.4%) are among the top losers today.

Over the last one year, NILE. has moved up from Rs 755.8 to Rs 2,309.1, registering a gain of Rs 1,553.3 (up 205.5%).

On the other hand, the BSE METAL index has moved up from 21,107.3 to 32,947.9, registering a gain of 56.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 127.4%), Coal India (up 110.1%) and Hindustan Zinc (up 101.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,924.8 (down 0.5%).

The top losers among the BSE Sensex today are M&M (down 6.7%) and Tata Steel (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,312.4 (down 0.5%). M&M and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,924.8, registering a gain of 14,580.6 points (up 22.3%).

NILE. Financial Update...

NILE. net profit fell 29.0% YoY to Rs 61 million for the quarter ended March 2024, compared to a profit of Rs 85 million a year ago. Net sales declined 19.8% to Rs 1,741 million during the period as against Rs 2,171 million in January-March 2023.

For the year ended March 2023, NILE. reported 5.4% decrease in net profit to Rs 226 million compared to net profit of Rs 238 million during FY22. Revenue of the company grew 14.8% to Rs 8,063 million during FY23.

The current Price to earnings ratio of NILE., based on rolling 12 month earnings, stands at 22.2.


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