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KIRLOSKAR ELECTRIC Plunges 10%; BSE CONSUMER DURABLES Index Down 0.8%
Tue, 6 Aug 16:45

KIRLOSKAR ELECTRIC Plunges 10%; BSE CONSUMER DURABLES Index Down 0.8%Image source: ThinkNeo/www.istockphoto.com

KIRLOSKAR ELECTRIC share price has plunged 10% and is presently trading at Rs 197.6.

Meanwhile, the BSE CONSUMER DURABLES index is at 57,879.8 (down 0.8%).

Among the top losers in the BSE CONSUMER DURABLES index today are Blue Star (down 4.9%) and ORIENT ELECTRIC (down 2.5%).

Voltas (up 0.9%) and Bajaj Electricals (up 0.3%) are among the top gainers today.

Over the last one year, KIRLOSKAR ELECTRIC has moved up from Rs 109.3 to Rs 197.6, registering a gain of Rs 88.3 (up 80.7%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,368.4 to 57,879.8, registering a gain of 36.6% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 170.4%), Blue Star (up 101.0%) and Voltas (up 82.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,746.0 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).

KIRLOSKAR ELECTRIC Financial Update...

KIRLOSKAR ELECTRIC net profit fell 50.2% YoY to Rs 54 million for the quarter ended March 2024, compared to a profit of Rs 109 million a year ago. Net sales rose 16.2% to Rs 1,685 million during the period as against Rs 1,451 million in January-March 2023.

For the year ended March 2023, KIRLOSKAR ELECTRIC reported 53.9% decrease in net profit to Rs 311 million compared to net profit of Rs 674 million during FY22. Revenue of the company grew 41.5% to Rs 4,735 million during FY23.

The current Price to earnings ratio of KIRLOSKAR ELECTRIC, based on rolling 12 month earnings, stands at 93.2.


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