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ELIN ELECTRONICS Gains 5%; BSE CONSUMER DURABLES Index Down 0.4%
Thu, 1 Aug 12:15

ELIN ELECTRONICS Gains 5%; BSE CONSUMER DURABLES Index Down 0.4%Image source: Ivcandy/www.istockphoto.com

ELIN ELECTRONICS share price has zoomed 5% and is presently trading at Rs 209.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 60,662.8 (down 0.4%).

Among the top gainers in the BSE CONSUMER DURABLES index today are Bajaj Electricals (up 1.5%) and CROMPTON GREAVES CONSUMER ELEC. (up 0.9%).

ORIENT ELECTRIC (down 4.1%) and DIXON TECHNOLOGIES (down 3.5%) are among the top losers today.

Over the last one year, ELIN ELECTRONICS has moved up from Rs 148.3 to Rs 209.0, registering a gain of Rs 60.8 (up 41.0%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,752.5 to 60,662.8, registering a gain of 41.9% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 183.0%), Blue Star (up 121.9%) and Voltas (up 96.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,800.1 (up 0.1%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.2%) and NTPC (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,990.6 (up 0.2%). Coal India and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,800.1, registering a gain of 15,272.5 points (up 23.0%).

ELIN ELECTRONICS Financial Update...

ELIN ELECTRONICS net profit grew 121.1% YoY to Rs 35 million for the quarter ended March 2024, compared to a profit of Rs 16 million a year ago. Net sales rose 3.4% to Rs 2,778 million during the period as against Rs 2,687 million in January-March 2023.

For the year ended March 2023, ELIN ELECTRONICS reported 31.6% decrease in net profit to Rs 268 million compared to net profit of Rs 392 million during FY22. Revenue of the company fell 1.7% to Rs 10,754 million during FY23.

The current Price to earnings ratio of ELIN ELECTRONICS, based on rolling 12 month earnings, stands at 74.8.


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