WALCHANDNAGAR share price has plunged 5% and is presently trading at Rs 231.0.
Meanwhile, the BSE CAPITAL GOODS index is at 65,661.9 (down 1.0%).
Among the top losers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (down 18.5%) and GMR Infra (down 7.8%).
Carborundum Universal (up 1.8%) and TIMKEN INDIA (up 0.7%) are among the top gainers today.
Over the last one year, WALCHANDNAGAR has moved up from Rs 188.7 to Rs 231.0, registering a gain of Rs 42.3 (up 22.4%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 48,904.9 to 65,661.9, registering a gain of 34.3% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 90.1%), Siemens (up 85.6%) and HINDUSTAN AERO. (up 84.4%).
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The BSE Sensex is at 77,048.8 (down 0.7%).
The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 3.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,048.8, registering a gain of 11,393.6 points (up 17.4%).
WALCHANDNAGAR net profit fell 35.5% YoY to Rs -110 million for the quarter ended September 2024, compared to a loss of Rs 81 million a year ago. Net sales declined 22.8% to Rs 679 million during the period as against Rs 879 million in July-September 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 -36.6.
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