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APAR INDUSTRIES Gains 5%; BSE CAPITAL GOODS Index Up 2.3%
Thu, 31 Oct 12:17

APAR INDUSTRIES  Gains 5%; BSE CAPITAL GOODS Index Up 2.3%Image source: Eoneren/www.istockphoto.com

APAR INDUSTRIES share price has zoomed 5% and is presently trading at Rs 9,874.0.

Meanwhile, the BSE CAPITAL GOODS index is at 69,233.7 (up 2.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are L&T (up 6.9%) and GRINDWELL NORTON (up 2.6%).

Carborundum Universal (down 2.2%) and GMR Infra (down 1.3%) are among the top losers today.

Over the last one year, APAR INDUSTRIES has moved up from Rs 5,075.1 to Rs 9,874.0, registering a gain of Rs 4,799.0 (up 94.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 69,233.7, registering a gain of 50.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 132.5%), Bharat Electronics (up 117.4%) and Siemens (up 103.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,517.5 (down 0.5%).

The top losers among the BSE Sensex today are Tech Mahindra (down 4.7%) and HCl Tech. (down 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,236.8 (down 0.4%). Tech Mahindra and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 79,517.5, registering a gain of 15,404.8 points (up 24.0%).

APAR INDUSTRIES Financial Update...

APAR INDUSTRIES net profit grew 11.2% YoY to Rs 1,939 million for the quarter ended September 2024, compared to a profit of Rs 1,744 million a year ago. Net sales rose 18.4% to Rs 46,445 million during the period as against Rs 39,223 million in July-September 2023.

For the year ended March 2024, APAR INDUSTRIES reported 29.4% increase in net profit to Rs 8,251 million compared to net profit of Rs 6,377 million during FY23. Revenue of the company grew 12.7% to Rs 161,530 million during FY24.

The current Price to earnings ratio of APAR INDUSTRIES , based on rolling 12 month earnings, stands at 46.6.


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