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KSB Gains 4%; BSE CAPITAL GOODS Index Up 0.6%
Mon, 14 Oct 10:19

KSB Gains 4%; BSE CAPITAL GOODS Index Up 0.6%Image source: DNY59/www.istockphoto.com

KSB share price has zoomed 4% and is presently trading at Rs 944.7.

Meanwhile, the BSE CAPITAL GOODS index is at 72,006.7 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are L&T (up 1.9%) and Graphite India (up 1.6%).

Thermax (down 1.4%) and SKF India (down 0.8%) are among the top losers today.

Over the last one year, KSB has moved up from Rs 611.9 to Rs 944.7, registering a gain of Rs 332.8 (up 54.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,809.8 to 72,006.7, 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 130.0%), Siemens (up 115.0%) and BHEL (up 106.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,797.6 (up 0.5%).

The top gainers among the BSE Sensex today are L&T (up 1.9%) and HDFC Bank (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,100.2 (up 0.5%). Wipro and L&T are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,797.6, registering a gain of 15,718.2 points (up 23.8%).

KSB Financial Update...

KSB net profit grew 6.8% YoY to Rs 642 million for the quarter ended June 2024, compared to a profit of Rs 601 million a year ago. Net sales rose 9.3% to Rs 6,460 million during the period as against Rs 5,913 million in April-June 2023.

For the year ended December 2023, KSB reported 14.2% increase in net profit to Rs 2,087 million compared to net profit of Rs 1,827 million during FY22. Revenue of the company grew 23.3% to Rs 22,472 million during FY23.

The current Price to earnings ratio of KSB, based on rolling 12 month earnings, stands at 79.7.

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