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KSB Plunges 8%; BSE CAPITAL GOODS Index Down 0.0%
Tue, 29 Oct 9:23

KSB Plunges 8%; BSE CAPITAL GOODS Index Down 0.0%Image source: phive2015/www.istockphoto.com

KSB share price has plunged 8% and is presently trading at Rs 761.6.

Meanwhile, the BSE CAPITAL GOODS index is at 66,416.8 .

Among the top losers in the BSE CAPITAL GOODS index today are Thermax (down 1.3%) and ADANI GREEN ENERGY (down 1.1%).

SKF India (up 2.1%) and SCHAEFFLER INDIA (up 1.2%) are among the top gainers today.

Over the last one year, KSB has moved up from Rs 573.4 to Rs 761.6, registering a gain of Rs 188.2 (up 32.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,605.4 to 66,416.8, registering a gain of 45.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.0%), Bharat Electronics (up 107.3%) and BHEL (up 98.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,742.9 (down 0.3%).

The top losers among the BSE Sensex today are Infosys (down 1.2%) and M&M (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,293.7 (down 0.2%). M&M and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,742.9, registering a gain of 15,693.9 points (up 24.5%).

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 64.3.

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