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VASCON ENGINEERS Gains 10%; BSE CAPITAL GOODS Index Up 0.1%
Tue, 16 Jul 11:51

VASCON ENGINEERS Gains 10%; BSE CAPITAL GOODS Index Up 0.1%Image source: Sakorn BernardaSv/www.istockphoto.com

VASCON ENGINEERS share price has zoomed 10% and is presently trading at Rs 79.4.

Meanwhile, the BSE CAPITAL GOODS index is at 74,908.3 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 2.6%) and ADANI GREEN ENERGY (up 1.9%).

V GUARD IND. (down 1.3%) and Siemens (down 0.9%) are among the top losers today.

Over the last one year, VASCON ENGINEERS has moved up from Rs 46.1 to Rs 79.4, registering a gain of Rs 33.3 (up 72.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,312.2 to 74,908.3, registering a gain of 81.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 243.8%), HINDUSTAN AERO. (up 184.0%) and Bharat Electronics (up 159.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,857.1 (up 0.2%).

The top gainers among the BSE Sensex today are Hindustan Unilever (up 2.4%) and Bharti Airtel (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 24,648.6 (up 0.3%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,857.1, registering a gain of 15,463.2 points (up 23.6%).

VASCON ENGINEERS Financial Update...

VASCON ENGINEERS net profit fell 63.2% YoY to Rs 169 million for the quarter ended March 2024, compared to a profit of Rs 459 million a year ago. Net sales rose 2.5% to Rs 3,354 million during the period as against Rs 3,273 million in January-March 2023.

For the year ended March 2023, VASCON ENGINEERS reported 176.8% increase in net profit to Rs 994 million compared to net profit of Rs 359 million during FY22. Revenue of the company grew 55.2% to Rs 10,194 million during FY23.

The current Price to earnings ratio of VASCON ENGINEERS, based on rolling 12 month earnings, stands at 34.0.


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