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NELCO Gains 8%; BSE CAPITAL GOODS Index Up 2.8%
Tue, 8 Oct 17:0

NELCO Gains 8%; BSE CAPITAL GOODS Index Up 2.8%Image source: Chunumunu/www.istockphoto.com

NELCO share price has zoomed 8% and is presently trading at Rs 1,017.0.

Meanwhile, the BSE CAPITAL GOODS index is at 70,731.1 (up 2.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are Siemens (up 5.5%) and HINDUSTAN AERO. (up 4.9%).

Lakshmi Machine (down 1.2%) and GRINDWELL NORTON (down 0.8%) are among the top losers today.

Over the last one year, NELCO has moved up from Rs 784.0 to Rs 1,017.0, registering a gain of Rs 233.0 (up 29.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,570.0 to 70,731.1, registering a gain of 48.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 128.2%), Siemens (up 110.7%) and BHEL (up 109.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,634.8 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 4.8%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,013.2 . TATA STEEL 2% CCPS and Dr Reddy NCD1 are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,634.8, registering a gain of 16,408.8 points (up 25.2%).

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 105.6.

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