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VARROC ENGINEERING Gains 13%; BSE CAPITAL GOODS Index Down 0.1%
Thu, 22 Aug 10:17

VARROC ENGINEERING Gains 13%; BSE CAPITAL GOODS Index Down 0.1%Image source: DNY59/www.istockphoto.com

VARROC ENGINEERING share price has zoomed 13% and is presently trading at Rs 592.9.

Meanwhile, the BSE CAPITAL GOODS index is at 73,079.8 (down 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 2.0%) and Thermax (up 1.6%).

ABB (down 0.9%) and SCHAEFFLER INDIA (down 0.7%) are among the top losers today.

Over the last one year, VARROC ENGINEERING has moved up from Rs 383.9 to Rs 592.9, registering a gain of Rs 209.0 (up 54.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,641.7 to 73,079.8, registering a gain of 67.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 195.9%), HINDUSTAN AERO. (up 147.8%) and Bharat Electronics (up 135.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,010.4 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.1%) and Asian Paints (up 0.8%). The most traded stocks in the BSE Sensex are Bharti Airtel and Tata Steel.

In the meantime, NSE Nifty is at 24,813.8 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,010.4, registering a gain of 15,794.3 points (up 24.2%).

VARROC ENGINEERING Financial Update...

VARROC ENGINEERING net profit fell 35.8% YoY to Rs 314 million for the quarter ended June 2024, compared to a profit of Rs 489 million a year ago. Net sales rose 5.2% to Rs 18,989 million during the period as against Rs 18,057 million in April-June 2023.

For the year ended March 2023, VARROC ENGINEERING reported 149.5% increase in net profit to Rs 388 million compared to net loss of Rs 783 million during FY22. Revenue of the company grew 17.4% to Rs 68,631 million during FY23.

The current Price to earnings ratio of VARROC ENGINEERING, based on rolling 12 month earnings, stands at 18.4.


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