HERCULES HOISTS share price has plunged 6% and is presently trading at Rs 564.7.
Meanwhile, the BSE CAPITAL GOODS index is at 70,309.3 (down 0.2%).
Among the top losers in the BSE CAPITAL GOODS index today are Honeywell Automation (down 3.3%) and SCHAEFFLER INDIA (down 2.5%).
AIA Engineering (up 2.8%) and Graphite India (up 2.3%) are among the top gainers today.
Over the last one year, HERCULES HOISTS has moved up from Rs 329.1 to Rs 564.7, registering a gain of Rs 235.6 (up 71.6%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 43,066.5 to 70,309.3, registering a gain of 63.3% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 185.8%), HINDUSTAN AERO. (up 141.8%) and Bharat Electronics (up 129.3%).
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The BSE Sensex is at 78,746.0 .
The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).
HERCULES HOISTS net profit fell 86.0% YoY to Rs 119 million for the quarter ended March 2024, compared to a profit of Rs 849 million a year ago. Net sales rose 20.7% to Rs 573 million during the period as against Rs 475 million in January-March 2023.
For the year ended March 2024, HERCULES HOISTS reported 65.2% decrease in net profit to Rs 360 million compared to net profit of Rs 1,033 million during FY23. Revenue of the company grew 19.1% to Rs 1,795 million during FY24.
The current Price to earnings ratio of HERCULES HOISTS, based on rolling 12 month earnings, stands at 50.3.
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