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VASCON ENGINEERS Plunges 7%; BSE CAPITAL GOODS Index Down 0.9%
Mon, 9 Sep 14:16

VASCON ENGINEERS Plunges 7%; BSE CAPITAL GOODS Index Down 0.9%Image source: DNY59/www.istockphoto.com

VASCON ENGINEERS share price has plunged 7% and is presently trading at Rs 62.8.

Meanwhile, the BSE CAPITAL GOODS index is at 70,520.9 (down 0.9%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 2.4%) and AIA Engineering (down 2.2%).

Honeywell Automation (up 1.1%) and Bharat Forge (up 0.5%) are among the top gainers today.

Over the last one year, VASCON ENGINEERS has moved up from Rs 59.5 to Rs 62.8, registering a gain of Rs 3.3 (up 5.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,901.9 to 70,520.9, registering a gain of 53.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 132.6%), Bharat Electronics (up 99.2%) and ADANI GREEN ENERGY (up 92.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,392.8 (up 0.3%).

The top gainers among the BSE Sensex today are Hindustan Unilever (up 3.0%) and ITC (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,893.5 (up 0.2%). Hindustan Unilever and ITC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,392.8, registering a gain of 15,612.5 points (up 23.7%).

VASCON ENGINEERS Financial Update...

VASCON ENGINEERS net profit fell 16.6% YoY to Rs 98 million for the quarter ended June 2024, compared to a profit of Rs 118 million a year ago. Net sales rose 34.7% to Rs 2,755 million during the period as against Rs 2,045 million in April-June 2023.

For the year ended March 2024, VASCON ENGINEERS reported 31.7% decrease in net profit to Rs 679 million compared to net profit of Rs 994 million during FY23. Revenue of the company grew 3.3% to Rs 10,529 million during FY24.

The current Price to earnings ratio of VASCON ENGINEERS, based on rolling 12 month earnings, stands at 27.9.


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