Bihar Sponge

Market Cap: Micro Cap
Industry: Ferrous Metals
ISIN: INE819C01011
NSEID:
BSEID: 500058

INR

11.77

0.00 (0.00%)

BSENSE

Dec 05

BSE+NSE Vol: 229

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  "main_header": {
    "sid": 708802,
    "name": "Bihar Sponge",
    "stock_name": "Bihar Sponge",
    "full_name": "Bihar Sponge Iron Ltd",
    "name_url": "stocks-analysis/bihar-sponge",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "11.77",
    "chg": "0.00",
    "chgp": "0.00%",
    "dir": 0,
    "prev_price": "11.77",
    "mcapval": "106.17 Cr",
    "mcap": "Micro Cap",
    "scripcode": 500058,
    "symbol": "",
    "ind_name": "Ferrous Metals",
    "ind_code": 23,
    "indexname": "",
    "isin": "INE819C01011",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "229 ",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
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  "news": {
    "results": [
      {
        "title": "Why is Bihar Sponge falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-bihar-sponge-fallingrising-3726710",
        "imagepath": "",
        "date": "2025-11-25 00:44:34",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Sector Context</strong></p>\n<p>Bihar Sponge's share price decline on 24-Nov is consistent with the overall downturn in the Steel, Sponge Iron, and Pig Iron sector, which fell by 2.06% on the same day. The stock underperformed its sector by 0.74%, signalling specific pressures beyond general market trends. This sector-wide weakness has weighed heavily on the stock, contributing to its negative momentum.</p>\n<p>Moreover, Bihar Sponge is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates a sustained downtrend, which often deters short-term investors and can trigger further selling pressure.</p>\n<p><strong>Comparative Performance Against Benchmarks</strong></p>\n<p>When analysi..."
      },
      {
        "title": "Why is Bihar Sponge falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-bihar-sponge-fallingrising-3702399",
        "imagepath": "",
        "date": "2025-11-14 22:12:30",
        "description": "As of 14-Nov, Bihar Sponge Iron Ltd's stock price is currently at 12.95, reflecting an increase of 0.25 or 1.97%. The stock has shown positive momentum, gaining for the last three days with a total return of 3.11% during this period. Additionally, it has outperformed its sector by 2.72%. In terms of returns compared to the benchmark, the stock has increased by 5.37% over the past week and 5.46% over the past month, while it has underperformed year-to-date and over the past year with declines of 22.22% and 13.90%, respectively. However, there has been a noted decrease in investor participation, with delivery volume falling by 12.23% against the five-day average, which may indicate a potential concern for sustained upward movement.\n\nBroader Market Context: The stock's recent performance has outpaced the Sensex, which has only increased by 1.62% over the past week and 3.09% over the past month. This suggests t..."
      },
      {
        "title": "Are Bihar Sponge latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-bihar-sponge-latest-results-good-or-bad-3698319",
        "imagepath": "",
        "date": "2025-11-13 19:30:44",
        "description": "Bihar Sponge Iron's latest financial results for Q2 FY26 reveal significant operational challenges. The company reported net sales of ₹63.76 crores, reflecting a quarter-on-quarter contraction of 17.73% from ₹77.50 crores in Q1 FY26. This decline indicates ongoing difficulties in both volume and pricing within the ferrous metals sector, with year-on-year sales remaining flat.\n\nThe net profit for the quarter was ₹1.75 crores, which also showed a decline of 17.45% compared to the previous quarter's profit of ₹2.12 crores. This performance is concerning, particularly given the negative operating profit margin of -7.04%, which has worsened from -4.08% in the prior quarter. The persistent negative operating margins suggest that the company's core manufacturing operations are not generating sufficient revenue to cover costs, raising questions about its operational viability.\n\nAdditionally, the company has become ..."
      },
      {
        "title": "Bihar Sponge Iron Q2 FY26: Operational Losses Persist Despite Other Income Support",
        "link": "https://www.marketsmojo.com/news/result-analysis/bihar-sponge-iron-q2-fy26-operational-losses-persist-despite-other-income-support-3698208",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/BiharSpongeIron_quaterlyResult_3698208.png",
        "date": "2025-11-13 09:33:38",
        "description": "Bihar Sponge Iron Ltd., an Indo-German joint venture operating India's first merchant sponge iron plant, reported a net profit of ₹1.75 crores for Q2 FY26, marking a 17.45% decline from ₹2.12 crores in the previous quarter whilst remaining flat year-on-year. The Jharkhand-based micro-cap company, with a market capitalisation of ₹115.19 crores, continues to grapple with operational headwinds as its core manufacturing operations remain loss-making, heavily dependent on other income to maintain profitability."
      },
      {
        "title": "How has been the historical performance of Bihar Sponge?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-bihar-sponge-3695215",
        "imagepath": "",
        "date": "2025-11-13 00:12:06",
        "description": "Answer:\nThe historical performance of Bihar Sponge shows significant fluctuations in its financial metrics over the years.\n\nBreakdown:\nBihar Sponge's net sales have shown a notable increase from Mar'20, where it recorded no sales, to Mar'25 with sales of 319.42 Cr, despite a drop from the previous year's 463.37 Cr. The total operating income followed a similar trend, reaching 319.42 Cr in Mar'25, up from 266.65 Cr in Mar'24. However, the total expenditure, excluding depreciation, also increased to 334.90 Cr in Mar'25, leading to an operating profit (PBDIT) of -15.48 Cr, indicating a loss compared to a profit of 14.11 Cr in Mar'23. The profit before tax for Mar'25 was 10.39 Cr, slightly down from 12.14 Cr in Mar'23, while profit after tax mirrored this trend at 10.39 Cr. The company's total liabilities decreased to 131.87 Cr in Mar'25 from 182.09 Cr in Mar'24, and total assets also fell to 131.87 Cr. Cash fl..."
      },
      {
        "title": "Why is Bihar Sponge falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-bihar-sponge-fallingrising-3680793",
        "imagepath": "",
        "date": "2025-11-07 22:15:58",
        "description": "As of 07-Nov, Bihar Sponge Iron Ltd is experiencing a decline in its stock price, currently at 12.29, which reflects a decrease of 0.47 or 3.68%. The stock has underperformed its sector by 4.91% today and has fallen after two consecutive days of gains. It is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 3.53%, while its year-to-date performance shows a significant decline of 26.19%. Although there has been a rise in investor participation with a delivery volume increase of 11.81% against the 5-day average, the overall sentiment remains negative, contributing to the stock's downward movement.\n\nBroader Market Context: In comparison to the benchmark, the Sensex has shown a relatively stable performance with a slight decline of 0.86% over the past week, while Bihar Sponge's performance has been notably wo..."
      },
      {
        "title": "Why is Bihar Sponge falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-bihar-sponge-fallingrising-3641575",
        "imagepath": "",
        "date": "2025-10-23 21:56:27",
        "description": "As of 23-Oct, Bihar Sponge Iron Ltd's stock price is currently at 13.15, reflecting a slight increase of 0.04, or 0.31%. The stock has shown a strong performance recently, gaining 7.88% over the last three days and outperforming its sector by 0.82%. Additionally, the stock's one-week return stands at 7.70%, which is significantly higher than the Sensex's 1.30% increase during the same period. The delivery volume has also seen a notable rise, increasing by 138.22% against the five-day average, indicating heightened investor interest. However, the stock remains below its 50-day, 100-day, and 200-day moving averages, suggesting that while it is experiencing short-term gains, it may still face challenges in the longer term.\n\nBroader market context shows that while Bihar Sponge Iron Ltd has performed well in the short term, its year-to-date return is down 21.02%, contrasting with the Sensex's positive return of ..."
      },
      {
        "title": "Why is Bihar Sponge falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-bihar-sponge-fallingrising-3615791",
        "imagepath": "",
        "date": "2025-10-13 21:45:00",
        "description": "As of 13-Oct, Bihar Sponge Iron Ltd is experiencing a decline in its stock price, currently at 12.40, which reflects a decrease of 0.27 or 2.13%. The stock has been underperforming, having lost 2.9% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown significant underperformance compared to the sector, with a decline of 1.49% today. Year-to-date, the stock has dropped by 25.53%, and over the past year, it has decreased by 34.11%. While there has been a notable increase in investor participation, with delivery volume rising by 334.11% against the 5-day average, the overall performance remains weak.\n\nIn the broader market context, the Sensex has shown a positive return of 0.66% over the past week, contrasting sharply with Bihar Sponge's decline of 1.27% during the same period. This disparity highlights the stock's str..."
      },
      {
        "title": "Bihar Sponge Iron Faces Heavy Selling Pressure, Declines 4.96% Amid Ongoing Losses",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/bihar-sponge-iron-faces-heavy-selling-pressure-declines-496-amid-ongoing-losses-3610246",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/10/BiharSpongeIron_only_sellers_3610246.png",
        "date": "2025-10-10 12:00:37",
        "description": "Bihar Sponge Iron Ltd is experiencing significant selling pressure, with the stock facing consecutive losses. Over the past month, it has dropped substantially, underperforming compared to the Sensex and its sector. The stock is trading below key moving averages, reflecting a bearish trend influenced by market sentiment and economic conditions."
      }
    ],
    "total": 119,
    "sid": "708802",
    "stock_news_url": "https://www.marketsmojo.com/news/bihar-sponge-iron-708802"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "13-Nov-2025",
      "details": "Newspaper Publication of Results",
      "source": "BSE"
    },
    {
      "caption": "Un-Audited Financial Results For The 2Nd Quarter And Half Year Ended 30Th September 2025 And Outcome Of Board Meeting Held On 12Th November 2025",
      "datetime": "12-Nov-2025",
      "details": "Un-audited Financial Results for the 2nd quarter and half year ended 30-09-2025 alongwith limited review report.",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Outcome for Un-Audited Financial Results For The 2Nd Quarter And Half Year Ended 30Th September 2025 And Outcome Of Board Meeting Held On 12Th November 2025",
      "datetime": "12-Nov-2025",
      "details": "Un-Audited Financial Results for the 2nd quarter and half year ended 30th September 2025 and outcome of Board Meeting held on 12th November 2025",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "No <strong>Dividend</strong> history available",
      "data": []
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
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  ]
}

News and Views

Why is Bihar Sponge falling/rising?

2025-11-25 00:44:34

Recent Price Movement and Sector Context

Bihar Sponge's share price decline on 24-Nov is consistent with the overall downturn in the Steel, Sponge Iron, and Pig Iron sector, which fell by 2.06% on the same day. The stock underperformed its sector by 0.74%, signalling specific pressures beyond general market trends. This sector-wide weakness has weighed heavily on the stock, contributing to its negative momentum.

Moreover, Bihar Sponge is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates a sustained downtrend, which often deters short-term investors and can trigger further selling pressure.

Comparative Performance Against Benchmarks

When analysi...

Why is Bihar Sponge falling/rising?

2025-11-14 22:12:30

As of 14-Nov, Bihar Sponge Iron Ltd's stock price is currently at 12.95, reflecting an increase of 0.25 or 1.97%. The stock has shown positive momentum, gaining for the last three days with a total return of 3.11% during this period. Additionally, it has outperformed its sector by 2.72%. In terms of returns compared to the benchmark, the stock has increased by 5.37% over the past week and 5.46% over the past month, while it has underperformed year-to-date and over the past year with declines of 22.22% and 13.90%, respectively. However, there has been a noted decrease in investor participation, with delivery volume falling by 12.23% against the five-day average, which may indicate a potential concern for sustained upward movement. Broader Market Context: The stock's recent performance has outpaced the Sensex, which has only increased by 1.62% over the past week and 3.09% over the past month. This suggests t...

Are Bihar Sponge latest results good or bad?

2025-11-13 19:30:44

Bihar Sponge Iron's latest financial results for Q2 FY26 reveal significant operational challenges. The company reported net sales of ₹63.76 crores, reflecting a quarter-on-quarter contraction of 17.73% from ₹77.50 crores in Q1 FY26. This decline indicates ongoing difficulties in both volume and pricing within the ferrous metals sector, with year-on-year sales remaining flat. The net profit for the quarter was ₹1.75 crores, which also showed a decline of 17.45% compared to the previous quarter's profit of ₹2.12 crores. This performance is concerning, particularly given the negative operating profit margin of -7.04%, which has worsened from -4.08% in the prior quarter. The persistent negative operating margins suggest that the company's core manufacturing operations are not generating sufficient revenue to cover costs, raising questions about its operational viability. Additionally, the company has become ...

Bihar Sponge Iron Q2 FY26: Operational Losses Persist Despite Other Income Support

2025-11-13 09:33:38

Bihar Sponge Iron Ltd., an Indo-German joint venture operating India's first merchant sponge iron plant, reported a net profit of ₹1.75 crores for Q2 FY26, marking a 17.45% decline from ₹2.12 crores in the previous quarter whilst remaining flat year-on-year. The Jharkhand-based micro-cap company, with a market capitalisation of ₹115.19 crores, continues to grapple with operational headwinds as its core manufacturing operations remain loss-making, heavily dependent on other income to maintain profitability.

How has been the historical performance of Bihar Sponge?

2025-11-13 00:12:06

Answer: The historical performance of Bihar Sponge shows significant fluctuations in its financial metrics over the years. Breakdown: Bihar Sponge's net sales have shown a notable increase from Mar'20, where it recorded no sales, to Mar'25 with sales of 319.42 Cr, despite a drop from the previous year's 463.37 Cr. The total operating income followed a similar trend, reaching 319.42 Cr in Mar'25, up from 266.65 Cr in Mar'24. However, the total expenditure, excluding depreciation, also increased to 334.90 Cr in Mar'25, leading to an operating profit (PBDIT) of -15.48 Cr, indicating a loss compared to a profit of 14.11 Cr in Mar'23. The profit before tax for Mar'25 was 10.39 Cr, slightly down from 12.14 Cr in Mar'23, while profit after tax mirrored this trend at 10.39 Cr. The company's total liabilities decreased to 131.87 Cr in Mar'25 from 182.09 Cr in Mar'24, and total assets also fell to 131.87 Cr. Cash fl...

Why is Bihar Sponge falling/rising?

2025-11-07 22:15:58

As of 07-Nov, Bihar Sponge Iron Ltd is experiencing a decline in its stock price, currently at 12.29, which reflects a decrease of 0.47 or 3.68%. The stock has underperformed its sector by 4.91% today and has fallen after two consecutive days of gains. It is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 3.53%, while its year-to-date performance shows a significant decline of 26.19%. Although there has been a rise in investor participation with a delivery volume increase of 11.81% against the 5-day average, the overall sentiment remains negative, contributing to the stock's downward movement. Broader Market Context: In comparison to the benchmark, the Sensex has shown a relatively stable performance with a slight decline of 0.86% over the past week, while Bihar Sponge's performance has been notably wo...

Why is Bihar Sponge falling/rising?

2025-10-23 21:56:27

As of 23-Oct, Bihar Sponge Iron Ltd's stock price is currently at 13.15, reflecting a slight increase of 0.04, or 0.31%. The stock has shown a strong performance recently, gaining 7.88% over the last three days and outperforming its sector by 0.82%. Additionally, the stock's one-week return stands at 7.70%, which is significantly higher than the Sensex's 1.30% increase during the same period. The delivery volume has also seen a notable rise, increasing by 138.22% against the five-day average, indicating heightened investor interest. However, the stock remains below its 50-day, 100-day, and 200-day moving averages, suggesting that while it is experiencing short-term gains, it may still face challenges in the longer term. Broader market context shows that while Bihar Sponge Iron Ltd has performed well in the short term, its year-to-date return is down 21.02%, contrasting with the Sensex's positive return of ...

Why is Bihar Sponge falling/rising?

2025-10-13 21:45:00

As of 13-Oct, Bihar Sponge Iron Ltd is experiencing a decline in its stock price, currently at 12.40, which reflects a decrease of 0.27 or 2.13%. The stock has been underperforming, having lost 2.9% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown significant underperformance compared to the sector, with a decline of 1.49% today. Year-to-date, the stock has dropped by 25.53%, and over the past year, it has decreased by 34.11%. While there has been a notable increase in investor participation, with delivery volume rising by 334.11% against the 5-day average, the overall performance remains weak. In the broader market context, the Sensex has shown a positive return of 0.66% over the past week, contrasting sharply with Bihar Sponge's decline of 1.27% during the same period. This disparity highlights the stock's str...

Bihar Sponge Iron Faces Heavy Selling Pressure, Declines 4.96% Amid Ongoing Losses

2025-10-10 12:00:37

Bihar Sponge Iron Ltd is experiencing significant selling pressure, with the stock facing consecutive losses. Over the past month, it has dropped substantially, underperforming compared to the Sensex and its sector. The stock is trading below key moving averages, reflecting a bearish trend influenced by market sentiment and economic conditions.