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BEML Plunges 4%; BSE CAPITAL GOODS Index Down 0.7%
Wed, 14 Aug 9:51

BEML Plunges 4%; BSE CAPITAL GOODS Index Down 0.7%Image source: asbe/www.istockphoto.com

BEML share price has plunged 4% and is presently trading at Rs 3,692.3.

Meanwhile, the BSE CAPITAL GOODS index is at 71,441.8 (down 0.7%).

Among the top losers in the BSE CAPITAL GOODS index today are SKF India (down 3.4%) and TIMKEN INDIA (down 2.1%).

V GUARD IND. (up 5.3%) and AIA Engineering (up 1.0%) are among the top gainers today.

Over the last one year, BEML has moved up from Rs 1,933.9 to Rs 3,692.3, registering a gain of Rs 1,758.4 (up 90.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 71,441.8, registering a gain of 64.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 184.8%), HINDUSTAN AERO. (up 138.2%) and Bharat Electronics (up 125.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,045.4 (up 0.1%).

The top gainers among the BSE Sensex today are TCS (up 1.5%) and M&M (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,157.1 (up 0.1%). TCS and M&M are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,045.4, registering a gain of 13,643.5 points (up 20.9%).

BEML Financial Update...

BEML net profit grew 6.1% YoY to Rs -705 million for the quarter ended June 2024, compared to a loss of Rs 750 million a year ago. Net sales rose 9.9% to Rs 6,341 million during the period as against Rs 5,769 million in April-June 2023.

For the year ended March 2023, BEML reported 22.8% increase in net profit to Rs 1,579 million compared to net profit of Rs 1,286 million during FY22. Revenue of the company fell 10.1% to Rs 38,989 million during FY23.

The current Price to earnings ratio of BEML, based on rolling 12 month earnings, stands at 53.7.

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