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INOX WIND Gains 7%; BSE CAPITAL GOODS Index Up 0.1%
Wed, 31 Jul 14:14

INOX WIND Gains 7%; BSE CAPITAL GOODS Index Up 0.1%Image source: alexsl/www.istockphoto.com

INOX WIND share price has zoomed 7% and is presently trading at Rs 188.3.

Meanwhile, the BSE CAPITAL GOODS index is at 75,596.0 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Graphite India (up 1.8%) and GMR Infra (up 1.6%).

GRINDWELL NORTON (down 3.6%) and Finolex Cables (down 2.7%) are among the top losers today.

Over the last one year, INOX WIND has moved up from Rs 52.9 to Rs 188.3, registering a gain of Rs 135.4 (up 256.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,045.9 to 75,596.0, registering a gain of 71.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 201.9%), HINDUSTAN AERO. (up 150.4%) and Bharat Electronics (up 142.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,663.5 (up 0.3%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.6%) and NTPC (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,924.5 (up 0.3%). HDFC LIFE INSURANCE and Asian Paints are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,663.5, registering a gain of 15,135.8 points (up 22.8%).

INOX WIND Financial Update...

INOX WIND net profit grew 131.6% YoY to Rs 377 million for the quarter ended March 2024, compared to a loss of Rs 1,193 million a year ago. Net sales rose 173.8% to Rs 5,277 million during the period as against Rs 1,928 million in January-March 2023.

For the year ended March 2023, INOX WIND reported 39.0% decrease in net profit to Rs -6,707 million compared to net loss of Rs 4,826 million during FY22. Revenue of the company grew 18.0% to Rs 7,370 million during FY23.

The current Price to earnings ratio of INOX WIND, based on rolling 12 month earnings, stands at -467.5.


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