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VA TECH WABAG Gains 4%; BSE CAPITAL GOODS Index Up 0.5%
Mon, 14 Oct 10:29

VA TECH WABAG Gains 4%; BSE CAPITAL GOODS Index Up 0.5%Image source: asbe/www.istockphoto.com

VA TECH WABAG share price has zoomed 4% and is presently trading at Rs 1,623.0.

Meanwhile, the BSE CAPITAL GOODS index is at 71,936.1 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are L&T (up 1.7%) and Graphite India (up 1.6%).

Thermax (down 1.2%) and AIA Engineering (down 0.8%) are among the top losers today.

Over the last one year, VA TECH WABAG has moved up from Rs 454.8 to Rs 1,623.0, registering a gain of Rs 1,168.2 (up 256.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,809.8 to 71,936.1, registering a gain of 50.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.8%), Siemens (up 114.4%) and BHEL (up 106.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,785.8 (up 0.5%).

The top gainers among the BSE Sensex today are L&T (up 1.7%) and HDFC Bank (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,104.0 (up 0.6%). Wipro and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,785.8, registering a gain of 15,706.4 points (up 23.8%).

VA TECH WABAG Financial Update...

VA TECH WABAG net profit fell 4.0% YoY to Rs 570 million for the quarter ended June 2024, compared to a profit of Rs 594 million a year ago. Net sales rose 13.3% to Rs 6,265 million during the period as against Rs 5,528 million in April-June 2023.

For the year ended March 2024, VA TECH WABAG reported 2176.4% increase in net profit to Rs 2,504 million compared to net profit of Rs 110 million during FY23. Revenue of the company fell 3.5% to Rs 28,564 million during FY24.

The current Price to earnings ratio of VA TECH WABAG, based on rolling 12 month earnings, stands at 39.2.

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