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Esab India Gains 6%; BSE CAPITAL GOODS Index Up 0.7%
Mon, 14 Oct 13:43

Esab India Gains 6%; BSE CAPITAL GOODS Index Up 0.7%Image source: DNY59/www.istockphoto.com

Esab India share price has zoomed 6% and is presently trading at Rs 6,486.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,071.6 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 3.5%) and L&T (up 2.4%).

Thermax (down 1.2%) and Honeywell Automation (down 1.2%) are among the top losers today.

Over the last one year, Esab India has moved up from Rs 4,948.5 to Rs 6,486.0, registering a gain of Rs 1,537.5 (up 31.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,809.8 to 72,071.6, registering a gain of 50.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.1%), Siemens (up 115.5%) and ABB (up 105.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,972.5 (up 0.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.7%) and L&T (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,117.8 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,972.5, registering a gain of 15,893.2 points (up 24.1%).

Esab India Financial Update...

Esab India net profit grew 4.9% YoY to Rs 445 million for the quarter ended June 2024, compared to a profit of Rs 424 million a year ago. Net sales rose 10.5% to Rs 3,296 million during the period as against Rs 2,983 million in April-June 2023.

For the year ended March 2024, Esab India reported 20.1% increase in net profit to Rs 1,630 million compared to net profit of Rs 1,357 million during FY23. Revenue of the company grew 14.0% to Rs 12,594 million during FY24.

The current Price to earnings ratio of Esab India, based on rolling 12 month earnings, stands at 60.5.


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