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Lakshmi Machine Gains 4%; BSE CAPITAL GOODS Index Up 0.4%
Tue, 25 Jun 14:32

Lakshmi Machine Gains 4%; BSE CAPITAL GOODS Index Up 0.4%Image source: Eoneren/www.istockphoto.com

Lakshmi Machine share price has zoomed 4% and is presently trading at Rs 16,845.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,752.4 (up 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 2.4%) and SCHAEFFLER INDIA (up 2.0%).

AIA Engineering (down 2.0%) and Thermax (down 1.6%) are among the top losers today.

Over the last one year, Lakshmi Machine has moved up from Rs 12,943.1 to Rs 16,845.0, registering a gain of Rs 3,902.0 (up 30.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,945.7 to 72,752.4, registering a gain of 82.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 239.6%), HINDUSTAN AERO. (up 181.4%) and Bharat Electronics (up 153.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,906.5 (up 0.7%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.7%) and HDFC Bank (up 2.2%). The most traded stocks in the BSE Sensex are HDFC Bank and Power Grid Corp..

In the meantime, NSE Nifty is at 23,692.8 (up 0.7%). Shriram Transport and Axis Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,906.5, registering a gain of 14,383.4 points (up 22.6%).

Lakshmi Machine Financial Update...

Lakshmi Machine net profit fell 29.9% YoY to Rs 660 million for the quarter ended March 2024, compared to a profit of Rs 941 million a year ago. Net sales declined 25.5% to Rs 9,707 million during the period as against Rs 13,030 million in January-March 2023.

For the year ended March 2023, Lakshmi Machine reported 112.1% increase in net profit to Rs 3,840 million compared to net profit of Rs 1,810 million during FY22. Revenue of the company grew 48.8% to Rs 47,191 million during FY23.

The current Price to earnings ratio of Lakshmi Machine, based on rolling 12 month earnings, stands at 48.2.


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