BALU FORGE share price has zoomed 7% and is presently trading at Rs 349.0.
Meanwhile, the BSE CAPITAL GOODS index is at 72,641.7 (down 0.1%).
Among the top gainers in the BSE CAPITAL GOODS index today are GRINDWELL NORTON (up 2.8%) and V GUARD IND. (up 2.6%).
BHEL (down 2.6%) and Siemens (down 2.6%) are among the top losers today.
Over the last one year, BALU FORGE has moved up from Rs 161.5 to Rs 349.0, registering a gain of Rs 187.6 (up 116.2%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 40,035.1 to 72,641.7, registering a gain of 81.4% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 245.7%), HINDUSTAN AERO. (up 185.6%) and Bharat Electronics (up 151.7%).
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The BSE Sensex is at 79,345.3 (down 0.2%).
The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.
In the meantime, NSE Nifty is at 24,089.9 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,345.3, registering a gain of 15,429.9 points (up 24.1%).
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 38.2.
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