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STERLING AND WILSON SOLAR Plunges 4%; BSE CAPITAL GOODS Index Up 0.6%
Tue, 1 Oct 10:23

STERLING AND WILSON SOLAR Plunges 4%; BSE CAPITAL GOODS Index Up 0.6%Image source: CreativaImages/www.istockphoto.com

STERLING AND WILSON SOLAR share price has plunged 4% and is presently trading at Rs 592.3.

Meanwhile, the BSE CAPITAL GOODS index is at 73,517.8 (up 0.6%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 2.0%) and SCHAEFFLER INDIA (down 0.9%).

Siemens (up 2.1%) and BHEL (up 1.8%) are among the top gainers today.

Over the last one year, STERLING AND WILSON SOLAR has moved up from Rs 356.0 to Rs 592.3, registering a gain of Rs 236.3 (up 66.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,225.6 to 73,517.8, registering a gain of 55.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.3%), BHEL (up 124.2%) and Bharat Electronics (up 109.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,385.2 (up 0.1%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.4%) and M&M (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,385.2, registering a gain of 18,266.5 points (up 27.6%).

STERLING AND WILSON SOLAR Financial Update...

STERLING AND WILSON SOLAR net profit grew 105.1% YoY to Rs 48 million for the quarter ended June 2024, compared to a loss of Rs 953 million a year ago. Net sales rose 77.7% to Rs 9,151 million during the period as against Rs 5,150 million in April-June 2023.

For the year ended March 2024, STERLING AND WILSON SOLAR reported 82.1% increase in net profit to Rs -2,108 million compared to net loss of Rs 11,750 million during FY23. Revenue of the company grew 50.6% to Rs 30,354 million during FY24.

The current Price to earnings ratio of STERLING AND WILSON SOLAR, based on rolling 12 month earnings, stands at -124.9.


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