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V GUARD IND. Gains 9%; BSE CAPITAL GOODS Index Down 0.2%
Wed, 14 Aug 9:26

V GUARD IND. Gains 9%; BSE CAPITAL GOODS Index Down 0.2%Image source: alexsl/www.istockphoto.com

V GUARD IND. share price has zoomed 9% and is presently trading at Rs 550.7.

Meanwhile, the BSE CAPITAL GOODS index is at 71,835.4 (down 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are Lakshmi Machine (up 1.2%) and L&T (up 0.5%).

SKF India (down 3.1%) and GMR Infra (down 1.3%) are among the top losers today.

Over the last one year, V GUARD IND. has moved up from Rs 307.4 to Rs 550.7, registering a gain of Rs 243.3 (up 79.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 71,835.4, registering a gain of 65.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 186.1%), HINDUSTAN AERO. (up 141.2%) and Bharat Electronics (up 126.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 78,997.3 (up 0.1%).

The top gainers among the BSE Sensex today are SBI (up 1.1%) and Tata Motors (up 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,146.7 . Hindalco and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 78,997.3, registering a gain of 13,595.4 points (up 20.8%).

V GUARD IND. Financial Update...

V GUARD IND. net profit grew 54.1% YoY to Rs 990 million for the quarter ended June 2024, compared to a profit of Rs 642 million a year ago. Net sales rose 21.6% to Rs 14,771 million during the period as against Rs 12,148 million in April-June 2023.

For the year ended March 2024, V GUARD IND. reported 36.2% increase in net profit to Rs 2,576 million compared to net profit of Rs 1,891 million during FY23. Revenue of the company grew 17.7% to Rs 48,567 million during FY24.

The current Price to earnings ratio of V GUARD IND., based on rolling 12 month earnings, stands at 82.0.

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