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ELIN ELECTRONICS Plunges 5%; BSE CONSUMER DURABLES Index Down 1.1%
Mon, 7 Oct 10:34

ELIN ELECTRONICS Plunges 5%; BSE CONSUMER DURABLES Index Down 1.1%Image source: CreativaImages/www.istockphoto.com

ELIN ELECTRONICS share price has plunged 5% and is presently trading at Rs 216.2.

Meanwhile, the BSE CONSUMER DURABLES index is at 65,126.1 (down 1.1%).

Among the top losers in the BSE CONSUMER DURABLES index today are ORIENT ELECTRIC (down 3.1%) and Blue Star (down 2.9%).

CROMPTON GREAVES CONSUMER ELEC. (up 0.8%) and DIXON TECHNOLOGIES (up 0.4%) are among the top gainers today.

Over the last one year, ELIN ELECTRONICS has moved up from Rs 175.8 to Rs 216.2, registering a gain of Rs 40.4 (up 23.0%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,729.3 to 65,126.1, registering a gain of 42.4% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 158.5%), Blue Star (up 125.6%) and Voltas (up 104.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,860.9 (up 0.2%).

The top gainers among the BSE Sensex today are ITC (up 1.6%) and ICICI Bank (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,020.7 . ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,860.9, registering a gain of 16,348.8 points (up 25.0%).

ELIN ELECTRONICS Financial Update...

ELIN ELECTRONICS net profit grew 56.9% YoY to Rs 59 million for the quarter ended June 2024, compared to a profit of Rs 38 million a year ago. Net sales rose 15.7% to Rs 2,936 million during the period as against Rs 2,538 million in April-June 2023.

For the year ended March 2024, ELIN ELECTRONICS reported 48.2% decrease in net profit to Rs 139 million compared to net profit of Rs 268 million during FY23. Revenue of the company fell 3.1% to Rs 10,417 million during FY24.

The current Price to earnings ratio of ELIN ELECTRONICS, based on rolling 12 month earnings, stands at 67.0.


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