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SALZER ELEC Gains 8%; BSE CAPITAL GOODS Index Up 0.4%
Wed, 21 Aug 9:59

SALZER ELEC Gains 8%; BSE CAPITAL GOODS Index Up 0.4%Image source: Nikada/www.istockphoto.com

SALZER ELEC share price has zoomed 8% and is presently trading at Rs 1,066.8.

Meanwhile, the BSE CAPITAL GOODS index is at 73,118.3 (up 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Thermax (up 2.9%) and Carborundum Universal (up 2.0%).

Lakshmi Machine (down 1.3%) and AIA Engineering (down 0.9%) are among the top losers today.

Over the last one year, SALZER ELEC has moved up from Rs 401.1 to Rs 1,066.8, registering a gain of Rs 665.8 (up 166.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,641.7 to 73,118.3, registering a gain of 67.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 193.6%), HINDUSTAN AERO. (up 148.8%) and Bharat Electronics (up 135.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,701.0 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.6%) and Kotak Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,680.1 (down 0.1%). Ultratech Cement and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,701.0, registering a gain of 15,484.9 points (up 23.7%).

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 2023, SALZER ELEC reported 63.7% increase in net profit to Rs 396 million compared to net profit of Rs 242 million during FY22. Revenue of the company grew 29.1% to Rs 10,372 million during FY23.

The current Price to earnings ratio of SALZER ELEC, based on rolling 12 month earnings, stands at 36.5.

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