IEL Share Price Update as of 26 May 2024 📈💰
IEL Limited, a chemical company, has delivered impressive returns to its investors. Over the past four years, the company’s shares have seen a growth of 5,384%. In March 2020, IEL Limited shares were trading at ₹0.13. Recently, the stock touched ₹7.13. However, in the past year, the company’s shares have witnessed a decline of 52%. Year-to-date, IEL Limited stock is down by 32%. As of Friday, May 24, 2024, the stock was trading at ₹6.97, down by 0.43%.
Throughout 2024, IEL Limited shares have been trading under selling pressure. In April 2024, the stock dropped by 9.5%, followed by a 10% decline in March 2024. In February, the shares fell by 7.8% and in January by 4.5%. May has seen a 6% decrease in share price. While short-term performance may not be significant, the long-term performance of the company remains strong.
On June 9, 2023, IEL Limited shares were trading at their peak of ₹20.59, witnessing a 66% decline from that level. On April 4, 2024, the shares were trading at a 52-week low of ₹6.69.
Over the past three years, the company has delivered a return of 566% to its investors. In the last five years, there has been a 1196% increase in the company’s share price. Over the past ten years, IEL Limited shares have provided returns of over 2,592%.
In the quarterly report for March 2024, IEL Limited reported a net sale of ₹9.12 crore, showing a growth rate of 781.5%. For the same quarter last year, it was ₹1.03 crore. The company posted a net profit of ₹0.14 crore for the March 2024 quarter, compared to a net loss of ₹0.04 crore in the same quarter of the previous fiscal year. The company recorded a 55.9% increase in net sales on an annual basis.
For the full financial year 2022-23, IEL Limited reported a net profit of ₹2.34 crore. This has now decreased to ₹0.26 crore in 2023-24. During the financial year 2023-24, the company split its stock. On September 25, 2023, the company split the shares into 10 parts, each with a face value of ₹10.
Stay tuned for more updates on IEL Limited and its performance in the market!
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