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BHEL Plunges 5%; BSE CAPITAL GOODS Index Down 2.0%
Fri, 19 Jul 15:25

BHEL Plunges 5%; BSE CAPITAL GOODS Index Down 2.0%Image source: phive2015/www.istockphoto.com

BHEL share price has plunged 5% and is presently trading at Rs 293.5.

Meanwhile, the BSE CAPITAL GOODS index is at 71,502.1 (down 2.0%).

Among the top losers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (down 4.4%) and Graphite India (down 4.4%).

AIA Engineering (up 1.1%) and Thermax (up 0.3%) are among the top gainers today.

Over the last one year, BHEL has moved up from Rs 93.0 to Rs 293.5, registering a gain of Rs 200.5 (up 215.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 71,502.1, registering a gain of 72.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 215.7%), HINDUSTAN AERO. (up 151.3%) and Bharat Electronics (up 140.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,523.3 (down 1.0%).

The top losers among the BSE Sensex today are Tata Steel (down 5.2%) and JSW Steel (down 4.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,526.6 (down 1.1%). Tata Steel and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,523.3, registering a gain of 13,933.3 points (up 20.9%).

BHEL Financial Update...

BHEL net profit fell 26.2% YoY to Rs 4,760 million for the quarter ended March 2024, compared to a profit of Rs 6,451 million a year ago. Net sales rose 0.4% to Rs 82,603 million during the period as against Rs 82,270 million in January-March 2023.

For the year ended March 2023, BHEL reported 7.3% increase in net profit to Rs 4,774 million compared to net profit of Rs 4,447 million during FY22. Revenue of the company grew 8.5% to Rs 197,989 million during FY23.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at -334.9.

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