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DE NORA INDIA Gains 7%; BSE CAPITAL GOODS Index Up 0.5%
Tue, 2 Jul 12:6

DE NORA INDIA Gains 7%; BSE CAPITAL GOODS Index Up 0.5%Image source: alexsl/www.istockphoto.com

DE NORA INDIA share price has zoomed 7% and is presently trading at Rs 1,682.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,100.1 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.3%) and GRINDWELL NORTON (up 2.8%).

Siemens (down 1.9%) and Thermax (down 1.3%) are among the top losers today.

Over the last one year, DE NORA INDIA has moved down from Rs 1,765.9 to Rs 1,682.0, registering a loss of Rs 83.8 (down 4.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,035.1 to 73,100.1, registering a gain of 82.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 251.1%), HINDUSTAN AERO. (up 188.1%) and Bharat Electronics (up 153.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,541.5 (up 0.1%).

The top gainers among the BSE Sensex today are Infosys (up 2.4%) and L&T (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,161.3 (up 0.1%). Wipro and L&T are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,541.5, registering a gain of 15,626.1 points (up 24.4%).

DE NORA INDIA Financial Update...

DE NORA INDIA net profit fell 54.1% YoY to Rs 57 million for the quarter ended March 2024, compared to a profit of Rs 123 million a year ago. Net sales declined 41.5% to Rs 162 million during the period as against Rs 276 million in January-March 2023.

For the year ended March 2023, DE NORA INDIA reported 31.2% increase in net profit to Rs 203 million compared to net profit of Rs 155 million during FY22. Revenue of the company fell 0.8% to Rs 736 million during FY23.

The current Price to earnings ratio of DE NORA INDIA, based on rolling 12 month earnings, stands at 47.0.


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