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VASCON ENGINEERS Plunges 5%; BSE CAPITAL GOODS Index Down 1.7%
Thu, 18 Jul 13:49

VASCON ENGINEERS Plunges 5%; BSE CAPITAL GOODS Index Down 1.7%Image source: ipopba/www.istockphoto.com

VASCON ENGINEERS share price has plunged 5% and is presently trading at Rs 77.3.

Meanwhile, the BSE CAPITAL GOODS index is at 73,223.2 (down 1.7%).

Among the top losers in the BSE CAPITAL GOODS index today are Siemens (down 5.2%) and HINDUSTAN AERO. (down 5.2%).

V GUARD IND. (up 1.2%) and L&T (up 0.9%) are among the top gainers today.

Over the last one year, VASCON ENGINEERS has moved up from Rs 44.4 to Rs 77.3, registering a gain of Rs 32.9 (up 74.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 73,223.2, registering a gain of 76.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 234.2%), HINDUSTAN AERO. (up 164.9%) and Bharat Electronics (up 148.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,119.0 (up 0.5%).

The top gainers among the BSE Sensex today are TCS (up 2.8%) and Bajaj Finserv (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,713.4 (up 0.4%). LTIMINDTREE and TCS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 81,119.0, registering a gain of 14,529.0 points (up 21.8%).

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 33.1.


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