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AEROFLEX INDUSTRIES Gains 6%; BSE METAL Index Up 0.5%
Wed, 30 Oct 12:59

AEROFLEX INDUSTRIES Gains 6%; BSE METAL Index Up 0.5%Image source: DNY59/www.istockphoto.com

AEROFLEX INDUSTRIES share price has zoomed 6% and is presently trading at Rs 194.5.

Meanwhile, the BSE METAL index is at 31,516.6 (up 0.5%).

Among the top gainers in the BSE METAL index today are Coal India (up 1.4%) and Jindal Steel (up 1.4%).

APOLLO TUBES (down 2.1%) and Vedanta (down 0.2%) are among the top losers today.

Over the last one year, AEROFLEX INDUSTRIES has moved up from Rs 152.6 to Rs 194.5, registering a gain of Rs 41.9 (up 27.4%).

On the other hand, the BSE METAL index has moved up from 22,292.0 to 31,516.6, registering a gain of 41.4% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 117.6%), Hindustan Zinc (up 90.3%) and Hindalco (up 52.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,286.1 (down 0.1%).

The top losers among the BSE Sensex today are ICICI Bank (down 1.7%) and Infosys (down 1.3%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,449.9 (down 0.1%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,286.1, registering a gain of 16,173.5 points (up 25.2%).

AEROFLEX INDUSTRIES Financial Update...

AEROFLEX INDUSTRIES net profit grew 11.9% YoY to Rs 124 million for the quarter ended June 2024, compared to a profit of Rs 111 million a year ago. Net sales rose 8.2% to Rs 897 million during the period as against Rs 829 million in April-June 2023.

For the year ended March 2024, AEROFLEX INDUSTRIES reported 38.4% increase in net profit to Rs 417 million compared to net profit of Rs 302 million during FY23. Revenue of the company grew 18.0% to Rs 3,179 million during FY24.

The current Price to earnings ratio of AEROFLEX INDUSTRIES, based on rolling 12 month earnings, stands at 58.4.


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