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TRANSFORMERS & RECTIFIERS Plunges 3%; BSE CAPITAL GOODS Index Down 0.1%
Wed, 18 Sep 9:34

TRANSFORMERS & RECTIFIERS Plunges 3%; BSE CAPITAL GOODS Index Down 0.1%Image source: CreativaImages/www.istockphoto.com

TRANSFORMERS & RECTIFIERS share price has plunged 3% and is presently trading at Rs 614.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,838.0 (down 0.1%).

Among the top losers in the BSE CAPITAL GOODS index today are Thermax (down 1.3%) and ADANI GREEN ENERGY (down 1.3%).

SKF India (up 0.7%) and Carborundum Universal (up 0.4%) are among the top gainers today.

Over the last one year, TRANSFORMERS & RECTIFIERS has moved up from Rs 171.0 to Rs 614.0, registering a gain of Rs 443.1 (up 259.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 72,838.0, registering a gain of 54.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 122.4%), BHEL (up 109.3%) and Bharat Electronics (up 102.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,028.8 (down 0.1%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.0%) and Infosys (down 1.9%). The most traded stocks in the BSE Sensex are Tata Motors and NTPC.

In the meantime, NSE Nifty is at 25,404.0 (down 0.1%). Tech Mahindra and LTIMINDTREE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,028.8, registering a gain of 15,432.0 points (up 22.8%).

TRANSFORMERS & RECTIFIERS Financial Update...

TRANSFORMERS & RECTIFIERS net profit grew 270.6% YoY to Rs 208 million for the quarter ended June 2024, compared to a loss of Rs 122 million a year ago. Net sales rose 107.0% to Rs 3,220 million during the period as against Rs 1,556 million in April-June 2023.

For the year ended March 2024, TRANSFORMERS & RECTIFIERS reported 11.0% increase in net profit to Rs 470 million compared to net profit of Rs 423 million during FY23. Revenue of the company fell 7.3% to Rs 12,947 million during FY24.

The current Price to earnings ratio of TRANSFORMERS & RECTIFIERS, based on rolling 12 month earnings, stands at 115.1.


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