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HIND RECTIFIERS Gains 8%; BSE CAPITAL GOODS Index Down 0.7%
Thu, 17 Oct 13:59

HIND RECTIFIERS Gains 8%; BSE CAPITAL GOODS Index Down 0.7%Image source: Ivcandy/www.istockphoto.com

HIND RECTIFIERS share price has zoomed 8% and is presently trading at Rs 1,045.0.

Meanwhile, the BSE CAPITAL GOODS index is at 71,847.1 (down 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.0%) and AIA Engineering (up 0.9%).

BHEL (down 4.6%) and Siemens (down 2.9%) are among the top losers today.

Over the last one year, HIND RECTIFIERS has moved up from Rs 369.1 to Rs 1,045.0, registering a gain of Rs 676.0 (up 183.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,111.6 to 71,847.1, registering a gain of 49.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.7%), Siemens (up 115.2%) and Bharat Electronics (up 107.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,009.5 (down 0.6%).

The top losers among the BSE Sensex today are Ultratech Cement (down 3.4%) and M&M (down 3.2%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,753.8 (down 0.9%). Bajaj Auto and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,009.5, registering a gain of 14,842.5 points (up 22.4%).

HIND RECTIFIERS Financial Update...

HIND RECTIFIERS net profit grew 265.1% YoY to Rs 69 million for the quarter ended June 2024, compared to a profit of Rs 19 million a year ago. Net sales rose 38.9% to Rs 1,355 million during the period as against Rs 976 million in April-June 2023.

For the year ended March 2024, HIND RECTIFIERS reported 296.6% increase in net profit to Rs 125 million compared to net loss of Rs 64 million during FY23. Revenue of the company grew 44.1% to Rs 5,176 million during FY24.

The current Price to earnings ratio of HIND RECTIFIERS, based on rolling 12 month earnings, stands at 102.1.


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