Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TECHNO ELECTRIC & ENG Plunges 4%; BSE CAPITAL GOODS Index Up 3.5%
Mon, 25 Nov 14:15

TECHNO ELECTRIC & ENG Plunges 4%; BSE CAPITAL GOODS Index Up 3.5%Image source: bluebay2014/www.istockphoto.com

TECHNO ELECTRIC & ENG share price has plunged 4% and is presently trading at Rs 1,435.4.

Meanwhile, the BSE CAPITAL GOODS index is at 69,781.9 (up 3.5%).

Among the top losers in the BSE CAPITAL GOODS index today are Thermax (down 1.0%) and ADANI GREEN ENERGY (down 0.5%).

Siemens (up 6.4%) and Bharat Electronics (up 4.5%) are among the top gainers today.

Over the last one year, TECHNO ELECTRIC & ENG has moved up from Rs 715.4 to Rs 1,435.4, registering a gain of Rs 720.1 (up 100.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,608.7 to 69,781.9, registering a gain of 43.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 105.4%), Siemens (up 103.1%) and HINDUSTAN AERO. (up 99.5%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 79,954.4 (up 1.1%).

The top gainers among the BSE Sensex today are L&T (up 3.9%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.

In the meantime, NSE Nifty is at 24,201.3 (up 1.2%). ONGC and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 79,954.4, registering a gain of 14,023.7 points (up 21.3%).

TECHNO ELECTRIC & ENG Financial Update...

TECHNO ELECTRIC & ENG net profit grew 27.7% YoY to Rs 942 million for the quarter ended September 2024, compared to a profit of Rs 738 million a year ago. Net sales declined 4.5% to Rs 4,414 million during the period as against Rs 4,623 million in July-September 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 52.7.


Equitymaster requests your view! Post a comment on "TECHNO ELECTRIC & ENG Plunges 4%; BSE CAPITAL GOODS Index Up 3.5%". Click here!