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STERLING AND WILSON SOLAR Plunges 5%; BSE CAPITAL GOODS Index Down 2.7%
Mon, 7 Oct 14:44

STERLING AND WILSON SOLAR Plunges 5%; BSE CAPITAL GOODS Index Down 2.7%Image source: bluebay2014/www.istockphoto.com

STERLING AND WILSON SOLAR share price has plunged 5% and is presently trading at Rs 519.8.

Meanwhile, the BSE CAPITAL GOODS index is at 68,411.0 (down 2.7%).

Among the top losers in the BSE CAPITAL GOODS index today are Graphite India (down 6.8%) and GMR Infra (down 5.7%).

Over the last one year, STERLING AND WILSON SOLAR has moved up from Rs 352.0 to Rs 519.8, registering a gain of Rs 167.8 (up 47.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 68,411.0, registering a gain of 41.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 111.8%), Siemens (up 96.2%) and BHEL (up 94.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,978.5 (down 0.9%).

The top losers among the BSE Sensex today are NTPC (down 4.6%) and MUNDRA PORT & SEZ (down 4.4%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,748.4 (down 1.1%). NTPC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 80,978.5, registering a gain of 15,466.4 points (up 23.6%).

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 -109.6.


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