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SALZER ELEC Gains 6%; BSE CAPITAL GOODS Index Up 0.8%
Wed, 30 Oct 10:7

SALZER ELEC Gains 6%; BSE CAPITAL GOODS Index Up 0.8%Image source: DNY59/www.istockphoto.com

SALZER ELEC share price has zoomed 6% and is presently trading at Rs 1,077.6.

Meanwhile, the BSE CAPITAL GOODS index is at 67,814.0 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 3.5%) and GRINDWELL NORTON (up 2.9%).

Honeywell Automation (down 7.1%) and V GUARD IND. (down 1.7%) are among the top losers today.

Over the last one year, SALZER ELEC has moved up from Rs 399.7 to Rs 1,077.6, registering a gain of Rs 677.9 (up 169.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 67,814.0, registering a gain of 47.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 133.7%), Bharat Electronics (up 122.5%) and Siemens (up 100.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,107.6 (down 0.3%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.8%) and ICICI Bank (down 1.5%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Motors.

In the meantime, NSE Nifty is at 24,394.8 (down 0.3%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,107.6, registering a gain of 15,995.0 points (up 24.9%).

SALZER ELEC Financial Update...

SALZER ELEC net profit grew 45.1% YoY to Rs 148 million for the quarter ended June 2024, compared to a profit of Rs 102 million a year ago. Net sales rose 23.6% to Rs 3,569 million during the period as against Rs 2,887 million in April-June 2023.

For the year ended March 2024, SALZER ELEC reported 18.8% increase in net profit to Rs 471 million compared to net profit of Rs 396 million during FY23. Revenue of the company grew 12.5% to Rs 11,663 million during FY24.

The current Price to earnings ratio of SALZER ELEC, based on rolling 12 month earnings, stands at 36.9.


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