SALZER ELEC share price has zoomed 13% and is presently trading at Rs 1,040.3.
Meanwhile, the BSE CAPITAL GOODS index is at 72,583.2 .
Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.2%) and ADANI GREEN ENERGY (up 1.9%).
AIA Engineering (down 5.4%) and SCHAEFFLER INDIA (down 2.2%) are among the top losers today.
Over the last one year, SALZER ELEC has moved up from Rs 330.0 to Rs 1,040.3, registering a gain of Rs 710.3 (up 215.2%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 43,553.3 to 72,583.2, registering a gain of 66.7% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 193.0%), HINDUSTAN AERO. (up 147.4%) and Bharat Electronics (up 128.9%).
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The BSE Sensex is at 79,314.2 (down 0.4%).
The top losers among the BSE Sensex today are HDFC Bank (down 2.7%) and Tata Motors (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.
In the meantime, NSE Nifty is at 24,234.3 (down 0.5%). HDFC Bank and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,314.2, registering a gain of 13,318.4 points (up 20.2%).
SALZER ELEC net profit grew 45.1% YoY to Rs 148 million for the quarter ended June 2024, compared to a profit of Rs 102 million a year ago. Net sales rose 23.6% to Rs 3,569 million during the period as against Rs 2,887 million in April-June 2023.
For the year ended March 2023, SALZER ELEC reported 63.7% increase in net profit to Rs 396 million compared to net profit of Rs 242 million during FY22. Revenue of the company grew 29.1% to Rs 10,372 million during FY23.
The current Price to earnings ratio of SALZER ELEC, based on rolling 12 month earnings, stands at 35.6.
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