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ION EXCHANGE Gains 6%; BSE CAPITAL GOODS Index Down 0.0%
Thu, 27 Jun 16:3

ION EXCHANGE Gains 6%; BSE CAPITAL GOODS Index Down 0.0%Image source: asbe/www.istockphoto.com

ION EXCHANGE share price has zoomed 6% and is presently trading at Rs 570.5.

Meanwhile, the BSE CAPITAL GOODS index is at 72,656.4 .

Among the top gainers in the BSE CAPITAL GOODS index today are Thermax (up 6.3%) and ABB (up 3.4%).

AIA Engineering (down 2.7%) and Lakshmi Machine (down 2.4%) are among the top losers today.

Over the last one year, ION EXCHANGE has moved up from Rs 398.6 to Rs 570.5, registering a gain of Rs 171.9 (up 43.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,563.3 to 72,656.4, registering a gain of 83.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 255.4%), HINDUSTAN AERO. (up 185.2%) and Bharat Electronics (up 150.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,245.0 (up 0.7%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 5.3%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,036.1 (up 0.7%). Ultratech Cement and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,245.0, registering a gain of 16,275.0 points (up 25.8%).

ION EXCHANGE Financial Update...

ION EXCHANGE net profit fell 10.4% YoY to Rs 727 million for the quarter ended March 2024, compared to a profit of Rs 811 million a year ago. Net sales rose 20.7% to Rs 7,818 million during the period as against Rs 6,475 million in January-March 2023.

For the year ended March 2023, ION EXCHANGE reported 20.6% increase in net profit to Rs 1,950 million compared to net profit of Rs 1,617 million during FY22. Revenue of the company grew 26.2% to Rs 19,896 million during FY23.

The current Price to earnings ratio of ION EXCHANGE, based on rolling 12 month earnings, stands at 43.2.

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