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IGARASHI MOTORS Gains 12%; BSE CAPITAL GOODS Index Down 0.3%
Thu, 8 Aug 13:18

IGARASHI MOTORS Gains 12%; BSE CAPITAL GOODS Index Down 0.3%Image source: hudiemm/www.istockphoto.com

IGARASHI MOTORS share price has zoomed 12% and is presently trading at Rs 656.5.

Meanwhile, the BSE CAPITAL GOODS index is at 71,941.8 (down 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Forge (up 4.8%) and AIA Engineering (up 2.6%).

Carborundum Universal (down 3.0%) and L&T (down 2.2%) are among the top losers today.

Over the last one year, IGARASHI MOTORS has moved up from Rs 548.6 to Rs 656.5, registering a gain of Rs 107.9 (up 19.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 71,941.8, registering a gain of 66.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 211.5%), HINDUSTAN AERO. (up 151.2%) and Bharat Electronics (up 133.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,999.1 (down 0.6%).

The top losers among the BSE Sensex today are Power Grid Corp. (down 2.9%) and Infosys (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,160.4 (down 0.6%). LTIMINDTREE and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 78,999.1, registering a gain of 13,045.7 points (up 19.8%).

IGARASHI MOTORS Financial Update...

IGARASHI MOTORS net profit fell 32.7% YoY to Rs 51 million for the quarter ended March 2024, compared to a profit of Rs 76 million a year ago. Net sales rose 18.3% to Rs 2,046 million during the period as against Rs 1,729 million in January-March 2023.

For the year ended March 2024, IGARASHI MOTORS reported 82.8% increase in net profit to Rs 96 million compared to net profit of Rs 52 million during FY23. Revenue of the company grew 10.5% to Rs 7,250 million during FY24.

The current Price to earnings ratio of IGARASHI MOTORS, based on rolling 12 month earnings, stands at 215.9.


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