Archive · 6 Jun 2025
Metal Stock Surges After RBI Rate Cut
Imagine a company's stock price went up because of good news!
A metal company's stock gained 8% on Friday.
This happened because the Reserve Bank of India cut a key interest rate.
The company also announced good profits and sales.
They made more money and sold more products.
The company has factories in different states and has shown a good return to investors in the past few years, despite a correction in the last year.
The stock gained over 8% following the RBI's decision to cut the repo rate.
The stock started the session at Rs 97.83, touching a high of Rs 103.94.
The company recorded a net profit of Rs 11.12 crore in the January-March quarter of 2023-24.
The company's total income increased to Rs 733.75 crore from Rs 680.75 crore a year ago.
The stock has corrected over 13% in one year.
- Who
- The stock of a BSE smallcap company.
- What
- Shares of a metal stock gained over 8% after RBI cut repo rate and reported increased profit and sales volume.
- When
- Friday, after the RBI rate cut was announced, and in Q4 FY24.
- Where
- On the BSE and NSE.
- Why
- The market rebounded after the Reserve Bank of India cut the repo rate.
- Stock Gain
- 8.02%
- Current Market Price (approx.)
- Rs 96.2
- 52-Week High
- Rs 210.85
- 52-Week Low
- Rs 84.80
- Market Cap
- Rs 2,055 crore
- 3-Year Return
- 107%
- FY25 Net Profit Increase
- 66%
- FY25 Revenue Growth
- 14%