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NELCO Gains 6%; BSE CAPITAL GOODS Index Down 0.2%
Wed, 25 Sep 11:40

NELCO Gains 6%; BSE CAPITAL GOODS Index Down 0.2%Image source: Sakorn BernardaSv/www.istockphoto.com

NELCO share price has zoomed 6% and is presently trading at Rs 1,124.0.

Meanwhile, the BSE CAPITAL GOODS index is at 74,120.0 (down 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are Graphite India (up 3.1%) and V GUARD IND. (up 1.7%).

TIMKEN INDIA (down 1.9%) and AIA Engineering (down 1.7%) are among the top losers today.

Over the last one year, NELCO has moved up from Rs 787.2 to Rs 1,124.0, registering a gain of Rs 336.8 (up 42.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,582.2 to 74,120.0, registering a gain of 59.1% 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%), BHEL (up 124.6%) and Bharat Electronics (up 112.4%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,914.1 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.5%) and Axis Bank (up 0.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,925.2 (down 0.1%). LTIMINDTREE and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,914.1, registering a gain of 18,890.4 points (up 28.6%).

NELCO Financial Update...

NELCO net profit fell 21.3% YoY to Rs 45 million for the quarter ended June 2024, compared to a profit of Rs 57 million a year ago. Net sales declined 6.0% to Rs 741 million during the period as against Rs 788 million in April-June 2023.

For the year ended March 2024, NELCO reported 19.2% increase in net profit to Rs 237 million compared to net profit of Rs 199 million during FY23. Revenue of the company grew 2.2% to Rs 3,203 million during FY24.

The current Price to earnings ratio of NELCO, based on rolling 12 month earnings, stands at 116.7.

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