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WALCHANDNAGAR Gains 4%; BSE CAPITAL GOODS Index Up 0.1%
Tue, 5 Nov 9:26

WALCHANDNAGAR Gains 4%; BSE CAPITAL GOODS Index Up 0.1%Image source: Sefa Ozel/www.istockphoto.com

WALCHANDNAGAR share price has zoomed 4% and is presently trading at Rs 299.3.

Meanwhile, the BSE CAPITAL GOODS index is at 68,606.8 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 2.3%) and Bharat Forge (up 1.3%).

Honeywell Automation (down 1.8%) and V GUARD IND. (down 1.5%) are among the top losers today.

Over the last one year, WALCHANDNAGAR has moved up from Rs 162.1 to Rs 299.3, registering a gain of Rs 137.2 (up 84.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,514.4 to 68,606.8, registering a gain of 50.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.3%), Bharat Electronics (up 113.8%) and Siemens (up 110.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,750.4 .

The top losers among the BSE Sensex today are HDFC Bank (down 0.6%) and Reliance Ind. (down 0.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,007.0 (up 0.1%). JSW Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,750.4, registering a gain of 15,159.1 points (up 23.8%).

WALCHANDNAGAR Financial Update...

WALCHANDNAGAR net profit grew 84.8% YoY to Rs -17 million for the quarter ended June 2024, compared to a loss of Rs 114 million a year ago. Net sales rose 17.8% to Rs 792 million during the period as against Rs 672 million in April-June 2023.

For the year ended March 2024, WALCHANDNAGAR reported 313.6% decrease in net profit to Rs -418 million compared to net profit of Rs 196 million during FY23. Revenue of the company fell 6.1% to Rs 3,024 million during FY24.

The current Price to earnings ratio of WALCHANDNAGAR, based on rolling 12 month earnings, stands at -51.6.


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