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HARSHA ENGINEERS Plunges 4%; BSE CAPITAL GOODS Index Down 0.3%
Thu, 8 Aug 13:18

HARSHA ENGINEERS Plunges 4%; BSE CAPITAL GOODS Index Down 0.3%Image source: bluebay2014/www.istockphoto.com

HARSHA ENGINEERS share price has plunged 4% and is presently trading at Rs 548.0.

Meanwhile, the BSE CAPITAL GOODS index is at 71,941.8 (down 0.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 3.0%) and L&T (down 2.2%).

Bharat Forge (up 4.8%) and AIA Engineering (up 2.6%) are among the top gainers today.

Over the last one year, HARSHA ENGINEERS has moved up from Rs 397.5 to Rs 548.0, registering a gain of Rs 150.5 (up 37.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 71,941.8, registering a gain of 66.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 211.5%), HINDUSTAN AERO. (up 151.2%) and Bharat Electronics (up 133.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,999.1 (down 0.6%).

The top losers among the BSE Sensex today are Power Grid Corp. (down 2.9%) and Infosys (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,160.4 (down 0.6%). LTIMINDTREE and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 78,999.1, registering a gain of 13,045.7 points (up 19.8%).

HARSHA ENGINEERS Financial Update...

HARSHA ENGINEERS net profit grew 46.7% YoY to Rs 361 million for the quarter ended June 2024, compared to a profit of Rs 246 million a year ago. Net sales declined 1.4% to Rs 3,432 million during the period as against Rs 3,480 million in April-June 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 40.6.


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