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Swelect Energy Gains 14%; BSE CAPITAL GOODS Index Up 0.6%
Wed, 11 Sep 11:51

Swelect Energy Gains 14%; BSE CAPITAL GOODS Index Up 0.6%Image source: Eoneren/www.istockphoto.com

Swelect Energy share price has zoomed 14% and is presently trading at Rs 1,307.7.

Meanwhile, the BSE CAPITAL GOODS index is at 71,992.3 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 3.8%) and Lakshmi Machine (up 2.3%).

V GUARD IND. (down 1.2%) and AIA Engineering (down 0.9%) are among the top losers today.

Over the last one year, Swelect Energy has moved up from Rs 596.0 to Rs 1,307.7, registering a gain of Rs 711.7 (up 119.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,746.4 to 71,992.3, registering a gain of 50.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 128.7%), Bharat Electronics (up 99.4%) and BHEL (up 88.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,001.4 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.4%) and Bajaj Finance (up 1.8%). The most traded stocks in the BSE Sensex are Tata Motors and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 25,070.0 (up 0.1%). Bajaj Auto and Asian Paints are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,001.4, registering a gain of 14,874.3 points (up 22.2%).

Swelect Energy Financial Update...

Swelect Energy net profit fell 32.7% YoY to Rs 66 million for the quarter ended June 2024, compared to a profit of Rs 98 million a year ago. Net sales rose 105.6% to Rs 1,138 million during the period as against Rs 554 million in April-June 2023.

For the year ended March 2024, Swelect Energy reported 87.7% increase in net profit to Rs 536 million compared to net profit of Rs 285 million during FY23. Revenue of the company fell 1.2% to Rs 2,428 million during FY24.

The current Price to earnings ratio of Swelect Energy, based on rolling 12 month earnings, stands at 36.0.


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