BHARAT WIRE ROPES Gains 6%; BSE METAL Index Up 0.2%
Wed, 15 Jan 9:24
Image source: Sakorn BernardaSv/www.istockphoto.comBHARAT WIRE ROPES share price has zoomed 6% and is presently trading at Rs 200.9.
Meanwhile, the BSE METAL index is at 27,798.9 (up 0.2%).
Among the top gainers in the BSE METAL index today are Coal India (up 1.3%) and APOLLO TUBES (up 0.9%).
Hindalco (down 0.4%) and JSW Steel (down 0.1%) are among the top losers today.
Over the last one year, BHARAT WIRE ROPES has moved down from Rs 395.8 to Rs 200.9, registering a loss of Rs 194.9 (down 49.2%).
On the other hand, the BSE METAL index has moved up from 26,381.2 to 27,798.9, registering a gain of 5.4% during the last 12 months.
The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 58.1%), Hindustan Zinc (up 36.2%) and Jindal Steel (up 23.7%).
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What About the Benchmark Indices?
The BSE Sensex is at 76,775.3 (up 0.4%).
The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.5%) and ZOMATO (up 2.0%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 23,225.5 (up 0.2%). Maruti Suzuki and NTPC are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,327.9 to 76,775.3, registering a gain of 3,447.3 points (up 4.7%).
BHARAT WIRE ROPES Financial Update...
BHARAT WIRE ROPES net profit fell 22.9% YoY to Rs 189 million for the quarter ended September 2024, compared to a profit of Rs 245 million a year ago. Net sales declined 4.3% to Rs 1,522 million during the period as against Rs 1,591 million in July-September 2023.
For the year ended March 2024, BHARAT WIRE ROPES reported 54.6% increase in net profit to Rs 962 million compared to net profit of Rs 622 million during FY23. Revenue of the company grew 5.6% to Rs 6,218 million during FY24.
The current Price to earnings ratio of BHARAT WIRE ROPES , based on rolling 12 month earnings, stands at 16.2.
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