Indian Metals and Ferro Alloys is currently trading at Rs. 316.95, up by 10.95 points or 3.58% from its previous closing of Rs. 306.00 on the BSE.
The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 324.00 and Rs. 306.10 respectively. So far 2405 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 660.00 on 07-Feb-2011 and a 52 week low of Rs. 210.00 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 324.00 and Rs. 272.05 respectively. The current market cap of the company is Rs. 805.55 crore.
The promoters holding in the company stood at 55.72% while Institutions and Non-Institutions held 11.15% and 33.13% respectively.
Leading ferro chrome producer Indian Metals and Ferro Alloys has reported an over 55% decline in net profit to Rs 13.16 crore for the quarter ended December 31, 2011. The company had reported a net profit of Rs 29.41 crore for the corresponding quarter of 2010-11.
Net sales of the company, however, rose 28.82% to Rs 294.27 crore during the quarter under review from Rs 228.43 crore in the October-December quarter of FY11.
The company’s over 80% of net sales were contributed by exports of ferro chrome and due to rupee depreciation, its margins improved during the quarter. Ferro chrome is a raw material used in production of stainless steel.
During Q3, the company’s expenditure on raw materials increased by over 28% to Rs 159.04 crore from Rs 123.94 crore in the same period last year.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1539.10 |
| Maithan Alloys | 1025.75 |
| Nava | 703.00 |
| Indsil Hydro Power | 41.05 |
| Shyam Century | 5.63 |
| View more.. | |
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