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BAJAJ STEEL Plunges 8%; BSE CAPITAL GOODS Index Down 0.1%
Thu, 14 Nov 9:27

BAJAJ STEEL Plunges 8%; BSE CAPITAL GOODS Index Down 0.1%Image source: Nikada/www.istockphoto.com

BAJAJ STEEL share price has plunged 8% and is presently trading at Rs 822.0.

Meanwhile, the BSE CAPITAL GOODS index is at 65,861.9 (down 0.1%).

Among the top losers in the BSE CAPITAL GOODS index today are SKF India (down 3.9%) and Honeywell Automation (down 3.1%).

Graphite India (up 1.4%) and Bharat Forge (up 0.9%) are among the top gainers today.

Over the last one year, BAJAJ STEEL has moved up from Rs 274.7 to Rs 822.0, registering a gain of Rs 547.3 (up 199.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,009.5 to 65,861.9, registering a gain of 37.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 99.9%), HINDUSTAN AERO. (up 95.9%) and Siemens (up 93.4%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,793.0 (up 0.1%).

The top gainers among the BSE Sensex today are HCl Tech. (up 0.9%) and Sun Pharma (up 0.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,615.1 (up 0.2%). Eicher Motor and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,793.0, registering a gain of 12,533.6 points (up 19.2%).

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 20.2.


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