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Esab India Gains 8%; BSE CAPITAL GOODS Index Down 1.7%
Thu, 18 Jul 10:25

Esab India Gains 8%; BSE CAPITAL GOODS Index Down 1.7%Image source: alexsl/www.istockphoto.com

Esab India share price has zoomed 8% and is presently trading at Rs 6,748.2.

Meanwhile, the BSE CAPITAL GOODS index is at 73,219.9 (down 1.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 2.4%) and GRINDWELL NORTON (up 0.8%).

HINDUSTAN AERO. (down 4.4%) and Siemens (down 3.9%) are among the top losers today.

Over the last one year, Esab India has moved up from Rs 4,410.7 to Rs 6,748.2, registering a gain of Rs 2,337.6 (up 53.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 73,219.9, registering a gain of 76.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 238.0%), HINDUSTAN AERO. (up 167.0%) and Bharat Electronics (up 149.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,825.8 (up 0.1%).

The top gainers among the BSE Sensex today are SBI (up 1.3%) and Hindustan Unilever (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,642.0 (up 0.1%). LTIMINDTREE and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,825.8, registering a gain of 14,235.8 points (up 21.4%).

Esab India Financial Update...

Esab India net profit grew 5.7% YoY to Rs 443 million for the quarter ended March 2024, compared to a profit of Rs 419 million a year ago. Net sales rose 13.0% to Rs 3,409 million during the period as against Rs 3,017 million in January-March 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 63.7.


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