SAIL Share Price Up by 5%; BSE METAL Index Up 1.4%

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SAIL Share Price Up by 5%; BSE METAL Index Up 1.4%
Tue, 18 Aug 03:35 PM

SAIL share price has zoomed 5% and is presently trading at Rs 41.

Meanwhile, the BSE METAL Index is at 9,140 (up 1.4%).

Among the top Gainers in the BSE METAL Index today is SAIL (up 5.0%).

VEDANTA LTD (down 0.5%) is among the top loser today.

Over the last one year, SAIL has moved up from Rs 36 to Rs 41, registering a gain of Rs 5 (up 13.6%).

On the other hand, the BSE METAL has moved up from 8,904 to 9,140, registering a gain of 236 points (up 2.3%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 114.9%), JSW STEEL (up 22.8%) and TATA STEEL (up 20.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,571 (up 1.3%).

The top gainers among the BSE Sensex stocks today are ULTRATECH CEMENT (up 3.2%), KOTAK MAHINDRA BANK (up 2.9%) and ICICI BANK (up 2.6%). Other gainers include ASIAN PAINTS (up 2.4%) and TITAN (up 2.1%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,402 (up 1.3%). The top gainers in the NSE Nifty include GRASIM (up 6.5%), ULTRATECH CEMENT (up 3.2%) and JSW STEEL (up 3.1%). Other gainers include KOTAK MAHINDRA BANK (up 3.0%) and ZEE ENTERTAINMENT (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,402 to 38,571, registering a gain of 1,169 points (up 3.06%).

SAIL Financial Update...

SAIL net profit declined 734.3% YoY to Rs 27 billion for the quarter ended March 2020, compared to a loss of Rs 4 billion a year ago. Net Sales declined 2.2% to Rs 161.7 billion during the period as against Rs 165.4 billion in January-March 2019.

For the year ended March 2019, SAIL reported 524.4% decrease in net profit to Rs 25.2 billion compared to net profit of Rs 5.9 billion during FY18.

Revenue of the company grew 13.6% to Rs 670 billion during FY19.

The current Price to earnings ratio of SAIL, based on rolling 12 month earnings, stands at 8.4x.

What else is happening in the markets today? Dig in...

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