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JASH ENGINEERING Gains 6%; BSE CAPITAL GOODS Index Up 0.6%
Mon, 14 Oct 11:26

JASH ENGINEERING Gains 6%; BSE CAPITAL GOODS Index Up 0.6%Image source: Sakorn BernardaSv/www.istockphoto.com

JASH ENGINEERING share price has zoomed 6% and is presently trading at Rs 2,359.1.

Meanwhile, the BSE CAPITAL GOODS index is at 71,995.5 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are L&T (up 1.8%) and HINDUSTAN AERO. (up 1.5%).

Thermax (down 1.3%) and AIA Engineering (down 1.1%) are among the top losers today.

Over the last one year, JASH ENGINEERING has moved up from Rs 1,484.5 to Rs 2,359.1, registering a gain of Rs 874.6 (up 58.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,809.8 to 71,995.5, registering a gain of 50.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.4%), Siemens (up 114.3%) and BHEL (up 106.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,917.3 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.0%) and Tech Mahindra (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,113.7 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,917.3, registering a gain of 15,838.0 points (up 24.0%).

JASH ENGINEERING Financial Update...

JASH ENGINEERING net profit grew 103.8% YoY to Rs 1 million for the quarter ended June 2024, compared to a loss of Rs 34 million a year ago. Net sales rose 78.4% to Rs 1,145 million during the period as against Rs 642 million in April-June 2023.

For the year ended March 2024, JASH ENGINEERING reported 29.1% increase in net profit to Rs 668 million compared to net profit of Rs 517 million during FY23. Revenue of the company grew 28.3% to Rs 5,157 million during FY24.

The current Price to earnings ratio of JASH ENGINEERING, based on rolling 12 month earnings, stands at 41.9.


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