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VARROC ENGINEERING Gains 4%; BSE CAPITAL GOODS Index Up 0.3%
Wed, 18 Sep 11:24

VARROC ENGINEERING Gains 4%; BSE CAPITAL GOODS Index Up 0.3%Image source: phive2015/www.istockphoto.com

VARROC ENGINEERING share price has zoomed 4% and is presently trading at Rs 562.7.

Meanwhile, the BSE CAPITAL GOODS index is at 73,116.2 (up 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are Graphite India (up 8.0%) and L&T (up 1.3%).

SCHAEFFLER INDIA (down 1.4%) and GRINDWELL NORTON (down 1.1%) are among the top losers today.

Over the last one year, VARROC ENGINEERING has moved up from Rs 474.6 to Rs 562.7, registering a gain of Rs 88.1 (up 18.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 73,116.2, registering a gain of 55.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 124.1%), BHEL (up 111.1%) and Bharat Electronics (up 102.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,255.1 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 2.5%) and HDFC Bank (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 25,458.9 (up 0.2%). Shriram Transport and Bajaj Finance are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,255.1, registering a gain of 15,658.3 points (up 23.2%).

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 2024, VARROC ENGINEERING reported 1325.6% increase in net profit to Rs 5,530 million compared to net profit of Rs 388 million during FY23. Revenue of the company grew 9.6% to Rs 75,519 million during FY24.

The current Price to earnings ratio of VARROC ENGINEERING, based on rolling 12 month earnings, stands at 17.5.


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