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V GUARD IND. Gains 2%; BSE CAPITAL GOODS Index Up 0.8%
Tue, 25 Jun 9:34

V GUARD IND. Gains 2%; BSE CAPITAL GOODS Index Up 0.8%Image source: Sefa Ozel/www.istockphoto.com

V GUARD IND. share price has zoomed 2% and is presently trading at Rs 431.4.

Meanwhile, the BSE CAPITAL GOODS index is at 73,075.1 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (up 3.6%) and Finolex Cables (up 1.9%).

ADANI GREEN ENERGY (down 0.4%) and GRINDWELL NORTON (down 0.3%) are among the top losers today.

Over the last one year, V GUARD IND. has moved up from Rs 263.0 to Rs 431.4, registering a gain of Rs 168.4 (up 64.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,945.7 to 73,075.1, registering a gain of 82.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 241.1%), HINDUSTAN AERO. (up 183.8%) and Bharat Electronics (up 156.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,489.1 (up 0.2%).

The top gainers among the BSE Sensex today are HDFC Bank (up 1.0%) and Ultratech Cement (up 0.9%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,578.6 (up 0.2%). HDFC Bank and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,489.1, registering a gain of 13,965.9 points (up 22.0%).

V GUARD IND. Financial Update...

V GUARD IND. net profit grew 44.5% YoY to Rs 762 million for the quarter ended March 2024, compared to a profit of Rs 527 million a year ago. Net sales rose 17.9% to Rs 13,428 million during the period as against Rs 11,392 million in January-March 2023.

For the year ended March 2023, V GUARD IND. reported 17.2% decrease in net profit to Rs 1,890 million compared to net profit of Rs 2,284 million during FY22. Revenue of the company grew 17.9% to Rs 41,260 million during FY23.

The current Price to earnings ratio of V GUARD IND., based on rolling 12 month earnings, stands at 72.8.


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