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BALU FORGE Gains 7%; BSE CAPITAL GOODS Index Down 0.4%
Thu, 8 Aug 11:32

BALU FORGE Gains 7%; BSE CAPITAL GOODS Index Down 0.4%Image source: asbe/www.istockphoto.com

BALU FORGE share price has zoomed 7% and is presently trading at Rs 574.8.

Meanwhile, the BSE CAPITAL GOODS index is at 71,885.9 (down 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are AIA Engineering (up 2.7%) and GMR Infra (up 2.1%).

Carborundum Universal (down 3.1%) and Siemens (down 2.0%) are among the top losers today.

Over the last one year, BALU FORGE has moved up from Rs 178.1 to Rs 574.8, registering a gain of Rs 396.8 (up 222.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 71,885.9, registering a gain of 66.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 211.3%), HINDUSTAN AERO. (up 152.3%) and Bharat Electronics (up 132.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,160.7 (down 0.4%).

The top losers among the BSE Sensex today are Infosys (down 2.1%) and Power Grid Corp. (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,197.2 (down 0.4%). BPCL and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,160.7, registering a gain of 13,207.2 points (up 20.0%).

BALU FORGE Financial Update...

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 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 54.3.

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