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BAJAJ STEEL Gains 6%; BSE CAPITAL GOODS Index Up 0.5%
Tue, 1 Oct 9:33

BAJAJ STEEL Gains 6%; BSE CAPITAL GOODS Index Up 0.5%Image source: DNY59/www.istockphoto.com

BAJAJ STEEL share price has zoomed 6% and is presently trading at Rs 3,120.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,501.0 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 1.9%) and L&T (up 1.1%).

Lakshmi Machine (down 0.5%) and SCHAEFFLER INDIA (down 0.5%) are among the top losers today.

Over the last one year, BAJAJ STEEL has moved up from Rs 1,086.4 to Rs 3,120.0, registering a gain of Rs 2,033.7 (up 187.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,225.6 to 73,501.0, registering a gain of 55.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 131.8%), BHEL (up 122.1%) and Bharat Electronics (up 109.4%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,580.3 (up 0.3%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.3%) and L&T (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,580.3, registering a gain of 18,461.6 points (up 27.9%).

BAJAJ STEEL Financial Update...

BAJAJ STEEL net profit grew 268.3% YoY to Rs 351 million for the quarter ended June 2024, compared to a profit of Rs 95 million a year ago. Net sales rose 43.9% to Rs 1,410 million during the period as against Rs 980 million in April-June 2023.

For the year ended March 2024, BAJAJ STEEL reported 12.6% decrease in net profit to Rs 590 million compared to net profit of Rs 675 million during FY23. Revenue of the company grew 0.3% to Rs 5,510 million during FY24.

The current Price to earnings ratio of BAJAJ STEEL, based on rolling 12 month earnings, stands at 19.1.

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