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WALCHANDNAGAR Gains 4%; BSE CAPITAL GOODS Index Down 0.7%
Wed, 10 Jul 11:56

WALCHANDNAGAR Gains 4%; BSE CAPITAL GOODS Index Down 0.7%Image source: Ivcandy/www.istockphoto.com

WALCHANDNAGAR share price has zoomed 4% and is presently trading at Rs 345.0.

Meanwhile, the BSE CAPITAL GOODS index is at 75,022.5 (down 0.7%).

SCHAEFFLER INDIA (down 2.6%) and Thermax (down 2.0%) are among the top losers today.

Over the last one year, WALCHANDNAGAR has moved up from Rs 92.3 to Rs 345.0, registering a gain of Rs 252.7 (up 273.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,584.0 to 75,022.5, registering a gain of 84.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 258.2%), HINDUSTAN AERO. (up 190.1%) and Bharat Electronics (up 171.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,682.9 (down 0.8%).

The top losers among the BSE Sensex today are M&M (down 7.5%) and HCl Tech. (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,275.0 (down 0.7%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,682.9, registering a gain of 14,338.8 points (up 21.9%).

WALCHANDNAGAR Financial Update...

WALCHANDNAGAR net profit fell 106.4% YoY to Rs -36 million for the quarter ended March 2024, compared to a profit of Rs 564 million a year ago. Net sales declined 18.5% to Rs 914 million during the period as against Rs 1,121 million in January-March 2023.

For the year ended March 2023, WALCHANDNAGAR reported 151.4% increase in net profit to Rs 196 million compared to net loss of Rs 381 million during FY22. Revenue of the company grew 7.7% to Rs 3,221 million during FY23.

The current Price to earnings ratio of WALCHANDNAGAR, based on rolling 12 month earnings, stands at -45.7.

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