Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BALU FORGE Gains 7%; BSE CAPITAL GOODS Index Down 0.1%
Tue, 2 Jul 13:13

BALU FORGE Gains 7%; BSE CAPITAL GOODS Index Down 0.1%Image source: ipopba/www.istockphoto.com

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%).

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

What About the Benchmark Indices?

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 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 38.2.


Equitymaster requests your view! Post a comment on "BALU FORGE Gains 7%; BSE CAPITAL GOODS Index Down 0.1%". Click here!