Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MARINE ELEC Plunges 5%; BSE CAPITAL GOODS Index Up 0.3%
Mon, 22 Jul 9:53

MARINE ELEC Plunges 5%; BSE CAPITAL GOODS Index Up 0.3%Image source: Kameleon007 /www.istockphoto.com

MARINE ELEC share price has plunged 5% and is presently trading at Rs 250.4.

Meanwhile, the BSE CAPITAL GOODS index is at 71,849.2 (up 0.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 3.2%) and Graphite India (down 1.9%).

AIA Engineering (up 2.2%) and BHEL (up 1.6%) are among the top gainers today.

Over the last one year, MARINE ELEC has moved up from Rs 34.2 to Rs 250.4, registering a gain of Rs 216.3 (up 633.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,608.8 to 71,849.2, registering a gain of 72.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 215.4%), HINDUSTAN AERO. (up 153.0%) and Bharat Electronics (up 143.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,494.2 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 2.7%) and Reliance Ind. (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,502.4 (down 0.1%). Wipro and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,494.2, registering a gain of 13,699.1 points (up 20.5%).

MARINE ELEC Financial Update...

MARINE ELEC net profit grew 203.5% YoY to Rs 120 million for the quarter ended March 2024, compared to a profit of Rs 40 million a year ago. Net sales rose 65.7% to Rs 2,371 million during the period as against Rs 1,431 million in January-March 2023.

For the year ended March 2023, MARINE ELEC reported 26.5% increase in net profit to Rs 168 million compared to net profit of Rs 133 million during FY22. Revenue of the company grew 17.7% to Rs 4,429 million during FY23.

The current Price to earnings ratio of MARINE ELEC, based on rolling 12 month earnings, stands at 129.7.


Equitymaster requests your view! Post a comment on "MARINE ELEC Plunges 5%; BSE CAPITAL GOODS Index Up 0.3%". Click here!