SAIL share price has zoomed 5% and is presently trading at Rs 36.
Meanwhile, the BSE METAL Index is at 7,783 (up 2.3%).
Among the top Gainers in the BSE METAL Index today is SAIL (up 5.0%).
Over the last one year, SAIL has moved down from Rs 44 to Rs 36, registering a loss of Rs 8 (down 19.3%).
On the other hand, the BSE METAL has moved down from 9,774 to 7,783, loss of 1,991 points (down 20.5%) during the last 12 months.
The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 34.4%).
REVEALED: The Secret to potentially Making Rs 18,870, Rs 9,425 and Rs 7,315 in a Single Day...
The BSE Sensex is at 38,473 (up 1.4%).
The top gainers among the BSE Sensex stocks today are ULTRATECH CEMENT (up 8.2%), KOTAK MAHINDRA BANK (up 5.0%) and TCS (up 4.0%). Other gainers include INDUSIND BANK (up 4.0%) and M&M (up 3.7%). The most traded stocks in the BSE Sensex are SBI and AXIS BANK.
In the meantime, NSE Nifty is at 11,296 (up 1.3%). The top gainers in the NSE Nifty include ULTRATECH CEMENT (up 7.9%), KOTAK MAHINDRA BANK (up 4.7%) and TATA MOTORS (up 4.6%). Other gainers include GRASIM (up 4.2%) and HINDALCO (up 3.9%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 37,686 to 38,473, registering a gain of 787 points (up 2.05%).
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 7.3x. p >
What else is happening in the markets today? Dig in...
Indian share markets continued their volatile trend during closing hours today and ended their day on a flat note.
BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.
Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.
ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.
GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.
ASTRAL POLY TECHNICK share price has hit an all time high at Rs 2,332 (up 3.6%). The BSE CAPITAL GOODS Index is up by 1.4%. Among the top gainers in the BSE CAPITAL GOODS Index today are ASTRAL POLY TECHNICK (up 3.6%) and HONEYWELL AUTOMATION (up 2.5%). The top losers include KALPATARU POWER (down 0.8%).
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.
An Indian company founded three decades ago in a garage caught my attention...
In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.
More
Equitymaster requests your view! Post a comment on "SAIL Share Price Up by 5%; BSE METAL Index Up 2.3%". 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!