Elgi Equipments share price has zoomed 5% and is presently trading at Rs 677.0.
Meanwhile, the BSE CAPITAL GOODS index is at 73,641.3 (up 0.6%).
Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 2.8%) and GMR Infra (up 2.1%).
Graphite India (down 1.3%) and GRINDWELL NORTON (down 1.0%) are among the top losers today.
Over the last one year, Elgi Equipments has moved up from Rs 475.0 to Rs 677.0, registering a gain of Rs 202.0 (up 42.5%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 43,641.7 to 73,641.3, registering a gain of 68.7% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 197.4%), HINDUSTAN AERO. (up 153.7%) and Bharat Electronics (up 138.4%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 81,140.1 (up 0.1%).
The top gainers among the BSE Sensex today are Tata Motors (up 1.9%) and M&M (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,852.9 (up 0.2%). Bajaj Auto and Tata Motors are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,140.1, registering a gain of 15,924.0 points (up 24.4%).
Elgi Equipments net profit grew 25.9% YoY to Rs 727 million for the quarter ended June 2024, compared to a profit of Rs 577 million a year ago. Net sales rose 10.7% to Rs 8,011 million during the period as against Rs 7,239 million in April-June 2023.
For the year ended March 2024, Elgi Equipments reported 15.9% decrease in net profit to Rs 3,119 million compared to net profit of Rs 3,708 million during FY23. Revenue of the company grew 5.8% to Rs 32,178 million during FY24.
The current Price to earnings ratio of Elgi Equipments, based on rolling 12 month earnings, stands at 66.7.
Equitymaster requests your view! Post a comment on "Elgi Equipments Gains 5%; BSE CAPITAL GOODS Index Up 0.6%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!