SAIL Share Price Up by 5%; BSE METAL Index Up 2.8%

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SAIL Share Price Up by 5%; BSE METAL Index Up 2.8%
Fri, 25 Sep 03:34 PM

SAIL share price has zoomed 5% and is presently trading at Rs 34.

Meanwhile, the BSE METAL Index is at 8,140 (up 2.8%).

Among the top Gainers in the BSE METAL Index today are SAIL (up 5.2%) and JINDAL STEEL & POWER (up 7.2%).

Over the last one year, SAIL has moved down from Rs 35 to Rs 34, registering a loss of Rs 0 (down 1.1%).

On the other hand, the BSE METAL has moved down from 9,419 to 8,140, loss of 1,279 points (down 14.2%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 59.1%) and JSW STEEL (up 10.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 37,471 (up 2.3%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINSERV (up 6.9%), HCL TECHNOLOGIES (up 5.0%) and BHARTI AIRTEL (up 4.9%). Other gainers include INDUSIND BANK (up 4.7%) and L&T (up 4.5%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 11,073 (up 2.1%). The top gainers in the NSE Nifty include BHARTI INFRATEL (up 7.7%), BAJAJ FINSERV (up 6.6%) and HCL TECHNOLOGIES (up 5.4%). Other gainers include CIPLA (up 5.1%) and BHARTI AIRTEL (up 4.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,090 to 37,471, registering a loss of 1,619 points (down 4.30%).

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 7.0x.

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

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