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Everest Kanto Cylinder Gains 7%; BSE CAPITAL GOODS Index Up 2.0%
Tue, 8 Oct 11:41

Everest Kanto Cylinder Gains 7%; BSE CAPITAL GOODS Index Up 2.0%Image source: DNY59/www.istockphoto.com

Everest Kanto Cylinder share price has zoomed 7% and is presently trading at Rs 191.4.

Meanwhile, the BSE CAPITAL GOODS index is at 70,192.8 (up 2.0%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 4.4%) and Bharat Electronics (up 3.6%).

Thermax (down 0.9%) and GRINDWELL NORTON (down 0.8%) are among the top losers today.

Over the last one year, Everest Kanto Cylinder has moved up from Rs 113.8 to Rs 191.4, registering a gain of Rs 77.6 (up 68.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,570.0 to 70,192.8, registering a gain of 47.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 127.0%), BHEL (up 108.3%) and Siemens (up 106.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,567.6 (up 0.6%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 3.3%) and M&M (up 2.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,968.9 (up 0.7%). Trent and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,567.6, registering a gain of 16,341.6 points (up 25.1%).

Everest Kanto Cylinder Financial Update...

Everest Kanto Cylinder net profit grew 28.3% YoY to Rs 279 million for the quarter ended June 2024, compared to a profit of Rs 218 million a year ago. Net sales rose 27.7% to Rs 3,428 million during the period as against Rs 2,684 million in April-June 2023.

For the year ended March 2024, Everest Kanto Cylinder reported 28.6% increase in net profit to Rs 976 million compared to net profit of Rs 759 million during FY23. Revenue of the company fell 4.0% to Rs 12,230 million during FY24.

The current Price to earnings ratio of Everest Kanto Cylinder, based on rolling 12 month earnings, stands at 20.7.


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