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EUREKA FORBES Gains 6%; BSE CONSUMER DURABLES Index Up 1.6%
Wed, 6 Nov 13:10

EUREKA FORBES Gains 6%; BSE CONSUMER DURABLES Index Up 1.6%Image source: hudiemm/www.istockphoto.com

EUREKA FORBES share price has zoomed 6% and is presently trading at Rs 588.8.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,593.9 (up 1.6%).

Among the top gainers in the BSE CONSUMER DURABLES index today are DIXON TECHNOLOGIES (up 7.5%) and CROMPTON GREAVES CONSUMER ELEC. (up 2.8%).

Titan (down 1.6%) is among the top losers today.

Over the last one year, EUREKA FORBES has moved up from Rs 499.7 to Rs 588.8, registering a gain of Rs 89.1 (up 17.8%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,127.4 to 61,593.9, registering a gain of 36.5% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 194.8%), Voltas (up 107.7%) and Blue Star (up 93.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,184.2 (up 0.9%).

The top gainers among the BSE Sensex today are TCS (up 3.8%) and HCl Tech. (up 3.7%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,434.7 (up 0.9%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,184.2, registering a gain of 15,225.6 points (up 23.4%).

EUREKA FORBES Financial Update...

EUREKA FORBES net profit grew 26.4% YoY to Rs 322 million for the quarter ended June 2024, compared to a profit of Rs 254 million a year ago. Net sales rose 9.6% to Rs 5,534 million during the period as against Rs 5,048 million in April-June 2023.

For the year ended March 2024, EUREKA FORBES reported 261.3% increase in net profit to Rs 956 million compared to net profit of Rs 265 million during FY23. Revenue of the company grew 5.0% to Rs 21,893 million during FY24.

The current Price to earnings ratio of EUREKA FORBES, based on rolling 12 month earnings, stands at 111.3.


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