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].
Free Signup: The Smallcap Fortunes Summit
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 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. p >
What else is happening in the markets today? Dig in...
TATA MOTORS share price is trading up by 5% and its current market price is Rs 346. The BSE AUTO is up by 3.2%. The top gainers in the BSE AUTO Index are TATA MOTORS (up 5.3%) and M&M (up 5.7%).
TRENT share price is trading up by 11% and its current market price is Rs 920. The BSE 500 is up by 0.8%. The top gainers in the BSE 500 Index are TRENT (up 10.6%) and BASF INDIA (up 12.1%). The top losers are CRISIL and BAYER CROPSCIENCE .
JAIN IRRIGATION share price is trading up by 8% and its current market price is Rs 20. The BSE CAPITAL GOODS is up by 1.1%. The top gainers in the BSE CAPITAL GOODS Index are JAIN IRRIGATION (up 8.2%) and NBCC (INDIA) (up 6.0%). The top losers are CARBORUNDUM UNIVERSAL (down 1.4%) and GRAPHITE INDIA (down 2.0%).
ADANI GAS share price is trading up by 10% and its current market price is Rs 585. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are ADANI GAS (up 10.5%) and BASF INDIA (up 10.2%). The top losers are MAHARASHTRA SEAMLESS and TAMIL NADU NEWSPRINT .
IFCI share price is trading up by 13% and its current market price is Rs 11. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index are IFCI (up 12.6%) and SYMPHONY (up 17.1%). The top losers are PRESTIGE ESTATES and TV TODAY NETWORK .
Share markets in India are presently trading on a strong note. The BSE Sensex is trading up by 209 points, up 0.4% at 50,058 levels.
View More Indian Share Market NewsLast time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
In this video, I'll show you how to get started on the path to daily trading profits.
In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.
An Indian company founded three decades ago in a garage caught my attention...
More
Equitymaster requests your view! Post a comment on "SAIL Surges by 5%; BSE METAL Index Up 2.6%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!