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BALU FORGE Gains 5%; BSE CAPITAL GOODS Index Down 0.0%
Mon, 8 Jul 12:10

BALU FORGE Gains 5%; BSE CAPITAL GOODS Index Down 0.0%Image source: DNY59/www.istockphoto.com

BALU FORGE share price has zoomed 5% and is presently trading at Rs 382.7.

Meanwhile, the BSE CAPITAL GOODS index is at 75,126.2 .

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 5.4%) and BHEL (up 3.0%).

SCHAEFFLER INDIA (down 2.5%) and Finolex Cables (down 2.2%) are among the top losers today.

Over the last one year, BALU FORGE has moved up from Rs 158.1 to Rs 382.7, registering a gain of Rs 224.6 (up 142.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,532.4 to 75,126.2, registering a gain of 85.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 274.9%), HINDUSTAN AERO. (up 199.5%) and Bharat Electronics (up 170.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,882.3 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 4.1%) and MUNDRA PORT & SEZ (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,272.7 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,882.3, registering a gain of 14,403.3 points (up 22.0%).

BALU FORGE Financial Update...

BALU FORGE net profit grew 85.6% YoY to Rs 283 million for the quarter ended March 2024, compared to a profit of Rs 152 million a year ago. Net sales rose 30.2% to Rs 1,612 million during the period as against Rs 1,238 million in January-March 2023.

For the year ended March 2023, BALU FORGE reported 30.4% increase in net profit to Rs 389 million compared to net profit of Rs 298 million during FY22. Revenue of the company grew 14.2% to Rs 3,266 million during FY23.

The current Price to earnings ratio of BALU FORGE, based on rolling 12 month earnings, stands at 42.9.


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