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ADOR WELDING Gains 6%; BSE CAPITAL GOODS Index Down 0.6%
Wed, 25 Sep 14:58

ADOR WELDING Gains 6%; BSE CAPITAL GOODS Index Down 0.6%Image source: Kameleon007 /www.istockphoto.com

ADOR WELDING share price has zoomed 6% and is presently trading at Rs 1,430.1.

Meanwhile, the BSE CAPITAL GOODS index is at 73,845.6 (down 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.8%) and Graphite India (up 1.6%).

TIMKEN INDIA (down 2.6%) and Thermax (down 1.6%) are among the top losers today.

Over the last one year, ADOR WELDING has moved up from Rs 1,122.9 to Rs 1,430.1, registering a gain of Rs 307.2 (up 27.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,582.2 to 73,845.6, registering a gain of 58.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 127.5%), BHEL (up 125.3%) and Bharat Electronics (up 110.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,951.9 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and Axis Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 25,936.8 . LTIMINDTREE and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,951.9, registering a gain of 18,928.2 points (up 28.7%).

ADOR WELDING Financial Update...

ADOR WELDING net profit grew 34.7% YoY to Rs 151 million for the quarter ended June 2024, compared to a profit of Rs 112 million a year ago. Net sales rose 21.2% to Rs 2,298 million during the period as against Rs 1,896 million in April-June 2023.

For the year ended March 2024, ADOR WELDING reported 6.6% increase in net profit to Rs 632 million compared to net profit of Rs 593 million during FY23. Revenue of the company grew 13.8% to Rs 8,838 million during FY24.

The current Price to earnings ratio of ADOR WELDING, based on rolling 12 month earnings, stands at 29.0.


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