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SAIL Surges by 5%; BSE METAL Index Up 2.6%

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SAIL Surges by 5%; BSE METAL Index Up 2.6%
Wed, 6 Feb 03:34 PM

SAIL share price has zoomed 5% and is presently trading at Rs 48.

Meanwhile, the BSE METAL Index is at 10,662 (up 2.6%).

Among the top Gainers in the BSE METAL Index today are SAIL (up 5.2%) and JINDAL STEEL & POWER (up 5.4%).

Over the last one year, SAIL has moved down from Rs 85 to Rs 48, registering a loss of Rs 37 (down 43.8%).

On the other hand, the BSE METAL has moved down from 14,928 to 10,662, loss of 4,266 points (down 28.7%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 37,004 (up 1.0%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 4.3%), TATA STEEL (up 4.3%) and ONGC (up 3.3%). Other gainers include BAJAJ AUTO (up 2.7%) and TATA MOTORS DVR (up 2.4%). The most traded stocks in the BSE Sensex are YES BANK and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,073 (up 1.2%). TECH MAHINDRA (up 8.1%) and CIPLA (up 7.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,757 to 37,004, registering a gain of 2,247 points (up 6.4%).

SAIL Financial Update...

SAIL net profit stood at Rs 6 billion for the quarter ended September 2018, compared to a profit of Rs 432 million a year ago. Net Sales rose 9.1% to Rs 167.2 billion during the period as against Rs 153.2 billion in July-September 2017.

For the year ended March 2018, SAIL reported 78.3% decrease in net profit to Rs 5.9 billion compared to net profit of Rs 27.3 billion during FY17.

Revenue of the company grew 18.3% to Rs 590 billion during FY18.

The current Price to earnings ratio of SAIL, based on rolling 12 month earnings, stands at 10.1x.

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