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EUREKA FORBES Gains 9%; BSE CONSUMER DURABLES Index Up 0.8%
Thu, 22 Aug 15:0

EUREKA FORBES Gains 9%; BSE CONSUMER DURABLES Index Up 0.8%Image source: Nikada/www.istockphoto.com

EUREKA FORBES share price has zoomed 9% and is presently trading at Rs 500.7.

Meanwhile, the BSE CONSUMER DURABLES index is at 63,063.7 (up 0.8%).

Among the top gainers in the BSE CONSUMER DURABLES index today are VAIBHAV GEMS (up 2.6%) and RAJESH EXPORTS (up 1.7%).

CROMPTON GREAVES CONSUMER ELEC. (down 1.2%) and Bajaj Electricals (down 0.8%) are among the top losers today.

Over the last one year, EUREKA FORBES has moved down from Rs 516.4 to Rs 500.7, registering a loss of Rs 15.8 (down 3.0%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 43,590.0 to 63,063.7, registering a gain of 44.7% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 162.4%), Blue Star (up 131.0%) and Voltas (up 108.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,028.9 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.6%) and Titan (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,806.9 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,028.9, registering a gain of 15,812.8 points (up 24.2%).

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 2023, EUREKA FORBES reported 912.2% increase in net profit to Rs 265 million compared to net profit of Rs 26 million during FY22. Revenue of the company grew 446.0% to Rs 20,845 million during FY23.

The current Price to earnings ratio of EUREKA FORBES, based on rolling 12 month earnings, stands at 94.6.


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