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Elgi Equipments Gains 6%; BSE CAPITAL GOODS Index Up 0.0%
Thu, 20 Jun 13:58

Elgi Equipments share price has zoomed 6% and is presently trading at Rs 743.5.

Meanwhile, the BSE CAPITAL GOODS index is at 72,238.9 .

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Forge (up 3.1%) and Honeywell Automation (up 1.1%).

BHEL (down 1.4%) and Carborundum Universal (down 1.2%) are among the top losers today.

Over the last one year, Elgi Equipments has moved up from Rs 533.7 to Rs 743.5, registering a gain of Rs 209.8 (up 39.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,820.2 to 72,238.9, registering a gain of 81.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.3%), HINDUSTAN AERO. (up 171.6%) and Bharat Electronics (up 150.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,552.5 (up 0.3%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.1%) and Reliance Ind. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,555.1 (up 0.2%). Hindalco and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,552.5, registering a gain of 14,384.2 points (up 22.8%).

Elgi Equipments Financial Update...

Elgi Equipments net profit fell 55.1% YoY to Rs 764 million for the quarter ended March 2024, compared to a profit of Rs 1,702 million a year ago. Net sales rose 3.6% to Rs 8,659 million during the period as against Rs 8,357 million in January-March 2023.

For the year ended March 2023, Elgi Equipments reported 107.8% increase in net profit to Rs 3,708 million compared to net profit of Rs 1,784 million during FY22. Revenue of the company grew 20.4% to Rs 30,407 million during FY23.

The current Price to earnings ratio of Elgi Equipments, based on rolling 12 month earnings, stands at 76.8.

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