RATNAMANI METALS Share Price Up by 5%; BSE METAL Index Down 0.1%

Fri, 27 Nov 03:32 PM

RATNAMANI METALS share price has zoomed 5% and is presently trading at Rs 1,725.

Meanwhile, the BSE METAL Index is at 10,354 (down 0.1%).

Among the top Gainers in the BSE METAL Index today is RATNAMANI METALS (up 5.3%).

NMDC (down 0.1%) and HINDALCO (down 1.7%) are among the top losers today.

Over the last one year, RATNAMANI METALS has moved up from Rs 958 to Rs 1,725, registering a gain of Rs 767 (up 80.1%).

On the other hand, the BSE METAL has moved up from 9,691 to 10,354, registering a gain of 663 points (up 5.3%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 56.7%), TATA STEEL (up 38.2%) and JSW STEEL (up 34.3%).

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

What About the Benchmark Indices?

The BSE Sensex is at 44,407 (down 0.1%).

The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 3.8%), TECH MAHINDRA (up 3.0%) and TITAN (up 2.7%). Other gainers include BAJAJ FINANCE (up 2.3%) and TATA STEEL (up 2.0%). The most traded stocks in the BSE Sensex are TATA STEEL and KOTAK MAHINDRA BANK.

In the meantime, NSE Nifty is at 13,035 (down 0.3%). The top gainers in the NSE Nifty include TATA MOTORS (up 2.9%), HERO MOTOCORP (up 2.0%) and DIVIS LABORATORIES (up 2.0%). Other gainers include ASIAN PAINTS (up 1.6%) and BAJAJ AUTO (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,889 to 44,407, registering a gain of 3,518 points (up 8.09%).

RATNAMANI METALS Financial Update...

RATNAMANI METALS net profit down at Rs 673 million for the quarter ended March 2020, compared to a loss of Rs 1 billion a year ago. Net Sales declined 16.8% to Rs 6.3 billion during the period as against Rs 7.6 billion in January-March 2019.

For the year ended March 2019, RATNAMANI METALS reported 66.6% increase in net profit to Rs 2.5 billion compared to net profit of Rs 1.5 billion during FY18.

Revenue of the company grew 53.9% to Rs 28 billion during FY19.

The current Price to earnings ratio of RATNAMANI METALS, based on rolling 12 month earnings, stands at 26.2x.

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