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
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 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.
Equitymaster requests your view! Post a comment on "BALU FORGE Gains 5%; BSE CAPITAL GOODS Index Down 0.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!