Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Finolex Cables Gains 4%; BSE CAPITAL GOODS Index Up 0.6%
Fri, 23 Aug 11:29

Finolex Cables Gains 4%; BSE CAPITAL GOODS Index Up 0.6%Image source: ipopba/www.istockphoto.com

Finolex Cables share price has zoomed 4% and is presently trading at Rs 1,495.2.

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 GMR Infra (up 2.1%) and HINDUSTAN AERO. (up 1.6%).

Graphite India (down 1.3%) and GRINDWELL NORTON (down 1.0%) are among the top losers today.

Over the last one year, Finolex Cables has moved up from Rs 1,068.2 to Rs 1,495.2, registering a gain of Rs 427.0 (up 40.0%).

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%).

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

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%).

Finolex Cables Financial Update...

Finolex Cables net profit fell 29.4% YoY to Rs 882 million for the quarter ended June 2024, compared to a profit of Rs 1,249 million a year ago. Net sales rose 2.2% to Rs 12,305 million during the period as against Rs 12,043 million in April-June 2023.

For the year ended March 2023, Finolex Cables reported 15.8% decrease in net profit to Rs 5,043 million compared to net profit of Rs 5,991 million during FY22. Revenue of the company grew 18.9% to Rs 44,811 million during FY23.

The current Price to earnings ratio of Finolex Cables, based on rolling 12 month earnings, stands at 48.8.


Equitymaster requests your view! Post a comment on "Finolex Cables Gains 4%; BSE CAPITAL GOODS Index Up 0.6%". Click here!