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AZAD ENGINEERING LTD. Gains 11%; BSE CAPITAL GOODS Index Down 1.4%
Mon, 4 Nov 9:31

AZAD ENGINEERING LTD. Gains 11%; BSE CAPITAL GOODS Index Down 1.4%Image source: ipopba/www.istockphoto.com

AZAD ENGINEERING LTD. share price has zoomed 11% and is presently trading at Rs 1,625.3.

Meanwhile, the BSE CAPITAL GOODS index is at 68,692.1 (down 1.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.2%) and Bharat Forge (up 0.5%).

BHEL (down 3.0%) and Finolex Cables (down 2.5%) are among the top losers today.

Over the last one year, AZAD ENGINEERING LTD. has moved up from Rs 0.0 to Rs 1,625.3, registering a gain of Rs 1,625.3 .

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,784.4 to 68,692.1, registering a gain of 50.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 132.8%), Bharat Electronics (up 113.9%) and Siemens (up 108.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,073.2 (down 1.0%).

The top losers among the BSE Sensex today are Sun Pharma (down 3.1%) and Infosys (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,076.7 (down 0.9%). Bajaj Auto and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 79,073.2, registering a gain of 15,198.2 points (up 23.8%).

AZAD ENGINEERING LTD. Financial Update...

AZAD ENGINEERING LTD. net profit fell {profitpercent} YoY to Rs 171 million for the quarter ended June 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 984 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2024, AZAD ENGINEERING LTD. reported 591.4% increase in net profit to Rs 586 million compared to net profit of Rs 85 million during FY23. Revenue of the company grew 35.4% to Rs 3,408 million during FY24.


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