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INOX WIND ENERGY Gains 4%; BSE CAPITAL GOODS Index Up 1.2%
Mon, 22 Jul 11:0

INOX WIND ENERGY Gains 4%; BSE CAPITAL GOODS Index Up 1.2%Image source: Eoneren/www.istockphoto.com

INOX WIND ENERGY share price has zoomed 4% and is presently trading at Rs 7,769.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,425.3 (up 1.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 3.5%) and HINDUSTAN AERO. (up 3.3%).

GRINDWELL NORTON (down 1.9%) and Carborundum Universal (down 1.6%) are among the top losers today.

Over the last one year, INOX WIND ENERGY has moved up from Rs 2,346.8 to Rs 7,769.0, registering a gain of Rs 5,422.2 (up 231.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,608.8 to 72,425.3, registering a gain of 74.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 221.1%), HINDUSTAN AERO. (up 157.7%) and Bharat Electronics (up 144.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,746.0 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.7%) and HDFC Bank (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,572.3 (up 0.2%). BPCL and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,746.0, registering a gain of 13,950.9 points (up 20.9%).

INOX WIND ENERGY Financial Update...

INOX WIND ENERGY net profit grew 135.5% YoY to Rs 389 million for the quarter ended March 2024, compared to a loss of Rs 1,095 million a year ago. Net sales rose 183.8% to Rs 5,285 million during the period as against Rs 1,862 million in January-March 2023.

For the year ended March 2023, INOX WIND ENERGY reported 34.1% decrease in net profit to Rs -6,647 million compared to net loss of Rs 4,956 million during FY22. Revenue of the company grew 23.3% to Rs 7,339 million during FY23.

The current Price to earnings ratio of INOX WIND ENERGY, based on rolling 12 month earnings, stands at -103.1.


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