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APAR INDUSTRIES Gains 8%; BSE CAPITAL GOODS Index Up 1.7%
Tue, 19 Nov 13:21

APAR INDUSTRIES  Gains 8%; BSE CAPITAL GOODS Index Up 1.7%Image source: peterschreiber.media/www.istockphoto.com

APAR INDUSTRIES share price has zoomed 8% and is presently trading at Rs 9,519.0.

Meanwhile, the BSE CAPITAL GOODS index is at 67,200.9 (up 1.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 7.0%) and V GUARD IND. (up 5.1%).

Thermax (down 3.3%) and Carborundum Universal (down 2.8%) are among the top losers today.

Over the last one year, APAR INDUSTRIES has moved up from Rs 5,620.1 to Rs 9,519.0, registering a gain of Rs 3,898.9 (up 69.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,474.9 to 67,200.9, registering a gain of 38.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 98.1%), HINDUSTAN AERO. (up 97.0%) and Siemens (up 93.4%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,375.3 (up 1.3%).

The top gainers among the BSE Sensex today are M&M (up 4.7%) and Tech Mahindra (up 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and Kotak Bank.

In the meantime, NSE Nifty is at 23,762.2 (up 1.3%). M&M and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,375.3, registering a gain of 12,699.4 points (up 19.3%).

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 45.0.


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