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TECHNO ELECTRIC & ENG Gains 8%; BSE CAPITAL GOODS Index Down 1.1%
Mon, 7 Oct 10:4

TECHNO ELECTRIC & ENG Gains 8%; BSE CAPITAL GOODS Index Down 1.1%Image source: alexsl/www.istockphoto.com

TECHNO ELECTRIC & ENG share price has zoomed 8% and is presently trading at Rs 1,648.7.

Meanwhile, the BSE CAPITAL GOODS index is at 69,510.2 (down 1.1%).

V GUARD IND. (down 3.4%) and Carborundum Universal (down 3.4%) are among the top losers today.

Over the last one year, TECHNO ELECTRIC & ENG has moved up from Rs 509.4 to Rs 1,648.7, registering a gain of Rs 1,139.3 (up 223.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 69,510.2, registering a gain of 44.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 115.6%), Siemens (up 102.2%) and BHEL (up 101.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,968.4 (up 0.3%).

The top gainers among the BSE Sensex today are ITC (up 2.1%) and ICICI Bank (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,077.8 (up 0.3%). ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,968.4, registering a gain of 16,456.3 points (up 25.1%).

TECHNO ELECTRIC & ENG Financial Update...

TECHNO ELECTRIC & ENG net profit grew 91.4% YoY to Rs 533 million for the quarter ended June 2024, compared to a profit of Rs 278 million a year ago. Net sales rose 37.0% to Rs 3,754 million during the period as against Rs 2,739 million in April-June 2023.

For the year ended March 2024, TECHNO ELECTRIC & ENG reported 180.5% increase in net profit to Rs 2,710 million compared to net profit of Rs 966 million during FY23. Revenue of the company grew 81.1% to Rs 15,024 million during FY24.

The current Price to earnings ratio of TECHNO ELECTRIC & ENG, based on rolling 12 month earnings, stands at 64.7.


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