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HEG Gains 10%; BSE CAPITAL GOODS Index Up 0.3%
Wed, 18 Sep 11:23

HEG Gains 10%; BSE CAPITAL GOODS Index Up 0.3%Image source: Sefa Ozel/www.istockphoto.com

HEG share price has zoomed 10% and is presently trading at Rs 2,323.1.

Meanwhile, the BSE CAPITAL GOODS index is at 73,140.2 (up 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are Graphite India (up 8.2%) and L&T (up 1.4%).

SCHAEFFLER INDIA (down 1.3%) and GRINDWELL NORTON (down 1.1%) are among the top losers today.

Over the last one year, HEG has moved up from Rs 1,724.2 to Rs 2,323.1, registering a gain of Rs 599.0 (up 34.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 73,140.2, registering a gain of 55.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 124.2%), BHEL (up 111.1%) and Bharat Electronics (up 102.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 83,262.4 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 2.6%) and HDFC Bank (up 1.6%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 25,458.9 (up 0.2%). Shriram Transport and Bajaj Finance are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,262.4, registering a gain of 15,665.6 points (up 23.2%).

HEG Financial Update...

HEG net profit fell 97.5% YoY to Rs 25 million for the quarter ended June 2024, compared to a profit of Rs 973 million a year ago. Net sales declined 14.9% to Rs 5,715 million during the period as against Rs 6,714 million in April-June 2023.

For the year ended March 2024, HEG reported 41.5% decrease in net profit to Rs 3,117 million compared to net profit of Rs 5,324 million during FY23. Revenue of the company fell 2.9% to Rs 23,949 million during FY24.

The current Price to earnings ratio of HEG, based on rolling 12 month earnings, stands at 66.3.

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