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Elgi Equipments Gains 5%; BSE CAPITAL GOODS Index Up 0.6%
Fri, 23 Aug 11:29

Elgi Equipments Gains 5%; BSE CAPITAL GOODS Index Up 0.6%Image source: alexsl/www.istockphoto.com

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%).

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What About the Benchmark Indices?

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 Financial Update...

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.


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