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Johnson Controls Plunges 6%; BSE CONSUMER DURABLES Index Up 0.6%
Wed, 31 Jul 10:53

Johnson Controls Plunges 6%; BSE CONSUMER DURABLES Index Up 0.6%Image source: bluebay2014/www.istockphoto.com

Johnson Controls share price has plunged 6% and is presently trading at Rs 2,055.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,043.5 (up 0.6%).

Among the top losers in the BSE CONSUMER DURABLES index today are Bajaj Electricals (down 0.2%) and RAJESH EXPORTS (down 0.2%).

ORIENT ELECTRIC (up 3.4%) and DIXON TECHNOLOGIES (up 1.7%) are among the top gainers today.

Over the last one year, Johnson Controls has moved up from Rs 955.9 to Rs 2,055.0, registering a gain of Rs 1,099.1 (up 115.0%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,752.5 to 61,043.5, registering a gain of 42.8% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 194.8%), Blue Star (up 120.3%) and Voltas (up 97.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,731.4 (up 0.3%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.5%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,937.8 (up 0.3%). Asian Paints and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,731.4, registering a gain of 15,203.7 points (up 22.9%).

Johnson Controls Financial Update...

Johnson Controls net profit grew 188.1% YoY to Rs 362 million for the quarter ended June 2024, compared to a loss of Rs 410 million a year ago. Net sales rose 75.6% to Rs 9,960 million during the period as against Rs 5,672 million in April-June 2023.

For the year ended March 2023, Johnson Controls reported 609.6% decrease in net profit to Rs -821 million compared to net profit of Rs 161 million during FY22. Revenue of the company grew 10.4% to Rs 23,844 million during FY23.

The current Price to earnings ratio of Johnson Controls, based on rolling 12 month earnings, stands at 3854.0.


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