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Swelect Energy Gains 7%; BSE CAPITAL GOODS Index Down 0.0%
Tue, 29 Oct 9:23

Swelect Energy Gains 7%; BSE CAPITAL GOODS Index Down 0.0%Image source: Eoneren/www.istockphoto.com

Swelect Energy share price has zoomed 7% and is presently trading at Rs 1,098.0.

Meanwhile, the BSE CAPITAL GOODS index is at 66,416.8 .

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.1%) and SCHAEFFLER INDIA (up 1.2%).

Thermax (down 1.3%) and ADANI GREEN ENERGY (down 1.1%) are among the top losers today.

Over the last one year, Swelect Energy has moved up from Rs 608.3 to Rs 1,098.0, registering a gain of Rs 489.8 (up 80.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,605.4 to 66,416.8, registering a gain of 45.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.0%), Bharat Electronics (up 107.3%) and BHEL (up 98.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,742.9 (down 0.3%).

The top losers among the BSE Sensex today are Infosys (down 1.2%) and M&M (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,293.7 (down 0.2%). M&M and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,742.9, registering a gain of 15,693.9 points (up 24.5%).

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 30.2.


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