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%).
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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 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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