BALU FORGE share price has zoomed 6% and is presently trading at Rs 850.0.
Meanwhile, the BSE CAPITAL GOODS index is at 71,837.3 .
Among the top gainers in the BSE CAPITAL GOODS index today are Honeywell Automation (up 1.9%) and Siemens (up 1.2%).
TIMKEN INDIA (down 3.8%) and AIA Engineering (down 2.2%) are among the top losers today.
Over the last one year, BALU FORGE has moved up from Rs 224.2 to Rs 850.0, registering a gain of Rs 625.8 (up 279.1%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 48,111.6 to 71,837.3, registering a gain of 49.3% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.6%), Siemens (up 116.8%) and Bharat Electronics (up 108.7%).
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The BSE Sensex is at 81,312.9 (up 0.4%).
The top gainers among the BSE Sensex today are Axis Bank (up 6.0%) and Tata Motors (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,858.1 (up 0.4%). Axis Bank and Wipro are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,312.9, registering a gain of 15,146.0 points (up 22.9%).
BALU FORGE net profit grew 105.0% YoY to Rs 342 million for the quarter ended June 2024, compared to a profit of Rs 167 million a year ago. Net sales rose 56.0% to Rs 1,753 million during the period as against Rs 1,124 million in April-June 2023.
For the year ended March 2024, BALU FORGE reported 140.7% increase in net profit to Rs 937 million compared to net profit of Rs 389 million during FY23. Revenue of the company grew 71.4% to Rs 5,599 million during FY24.
The current Price to earnings ratio of BALU FORGE, based on rolling 12 month earnings, stands at 83.7.
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