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TIMEX GROUP Gains 7%; BSE CONSUMER DURABLES Index Up 1.1%
Fri, 22 Nov 13:21

TIMEX GROUP Gains 7%; BSE CONSUMER DURABLES Index Up 1.1%Image source: phive2015/www.istockphoto.com

TIMEX GROUP share price has zoomed 7% and is presently trading at Rs 223.9.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,395.0 (up 1.1%).

Among the top gainers in the BSE CONSUMER DURABLES index today are Titan (up 2.3%) and CROMPTON GREAVES CONSUMER ELEC. (up 2.0%).

AMBER ENTERPRISES INDIA (down 1.7%) and Voltas (down 0.9%) are among the top losers today.

Over the last one year, TIMEX GROUP has moved up from Rs 182.9 to Rs 223.9, registering a gain of Rs 41.0 (up 22.4%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,774.1 to 61,395.0, registering a gain of 34.1% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 178.9%), Voltas (up 99.4%) and AMBER ENTERPRISES INDIA (up 90.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,308.8 (up 1.5%).

The top gainers among the BSE Sensex today are SBI (up 3.8%) and Ultratech Cement (up 2.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 23,729.7 (up 1.6%). SBI and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 78,308.8, registering a gain of 12,653.7 points (up 19.3%).

TIMEX GROUP Financial Update...

TIMEX GROUP net profit grew 61.9% YoY to Rs 178 million for the quarter ended September 2024, compared to a profit of Rs 110 million a year ago. Net sales rose 37.8% to Rs 1,741 million during the period as against Rs 1,264 million in July-September 2023.

For the year ended March 2024, TIMEX GROUP reported 55.2% decrease in net profit to Rs 208 million compared to net profit of Rs 465 million during FY23. Revenue of the company grew 9.2% to Rs 4,189 million during FY24.

The current Price to earnings ratio of TIMEX GROUP, based on rolling 12 month earnings, stands at 87.5.


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