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APAR INDUSTRIES Gains 4%; BSE CAPITAL GOODS Index Up 2.1%
Thu, 13 Jun 16:8

APAR INDUSTRIES share price has zoomed 4% and is presently trading at Rs 8,506.5.

Meanwhile, the BSE CAPITAL GOODS index is at 72,088.2 (up 2.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (up 5.8%) and Siemens (up 4.8%).

ADANI GREEN ENERGY (down 1.4%) and Thermax (down 0.7%) are among the top losers today.

Over the last one year, APAR INDUSTRIES has moved up from Rs 3,045.1 to Rs 8,506.5, registering a gain of Rs 5,461.4 (up 179.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,203.6 to 72,088.2, registering a gain of 83.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 255.7%), HINDUSTAN AERO. (up 177.8%) and Bharat Electronics (up 154.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 76,810.9 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Titan (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,399.4 (up 0.3%). Shriram Transport and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,810.9, registering a gain of 14,086.2 points (up 22.5%).

APAR INDUSTRIES Financial Update...

APAR INDUSTRIES net profit fell 2.7% YoY to Rs 2,362 million for the quarter ended March 2024, compared to a profit of Rs 2,428 million a year ago. Net sales rose 9.1% to Rs 44,551 million during the period as against Rs 40,843 million in January-March 2023.

For the year ended March 2023, APAR INDUSTRIES reported 148.4% increase in net profit to Rs 6,377 million compared to net profit of Rs 2,567 million during FY22. Revenue of the company grew 54.0% to Rs 143,522 million during FY23.

The current Price to earnings ratio of APAR INDUSTRIES , based on rolling 12 month earnings, stands at 41.4.


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