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HARSHA ENGINEERS Gains 9%; BSE CAPITAL GOODS Index Up 0.6%
Wed, 3 Jul 13:10

HARSHA ENGINEERS Gains 9%; BSE CAPITAL GOODS Index Up 0.6%Image source: Nikada/www.istockphoto.com

HARSHA ENGINEERS share price has zoomed 9% and is presently trading at Rs 606.9.

Meanwhile, the BSE CAPITAL GOODS index is at 73,479.7 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (up 3.6%) and GRINDWELL NORTON (up 2.2%).

ADANI GREEN ENERGY (down 0.3%) and Thermax (down 0.3%) are among the top losers today.

Over the last one year, HARSHA ENGINEERS has moved up from Rs 467.6 to Rs 606.9, registering a gain of Rs 139.3 (up 29.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,540.3 to 73,479.7, registering a gain of 81.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 240.9%), HINDUSTAN AERO. (up 186.8%) and Bharat Electronics (up 151.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,956.1 (up 0.6%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.5%) and Axis Bank (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,281.8 (up 0.7%). Tata Consumer Products and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,956.1, registering a gain of 14,751.1 points (up 22.6%).

HARSHA ENGINEERS Financial Update...

HARSHA ENGINEERS net profit grew 12.8% YoY to Rs 368 million for the quarter ended March 2024, compared to a profit of Rs 326 million a year ago. Net sales rose 10.7% to Rs 3,804 million during the period as against Rs 3,437 million in January-March 2023.

For the year ended March 2023, HARSHA ENGINEERS reported 34.1% increase in net profit to Rs 1,233 million compared to net profit of Rs 920 million during FY22. Revenue of the company grew 3.2% to Rs 13,640 million during FY23.

The current Price to earnings ratio of HARSHA ENGINEERS, based on rolling 12 month earnings, stands at 49.6.


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