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MARINE ELEC Plunges 5%; BSE CAPITAL GOODS Index Down 0.6%
Wed, 14 Aug 9:52

MARINE ELEC Plunges 5%; BSE CAPITAL GOODS Index Down 0.6%Image source: Nikada/www.istockphoto.com

MARINE ELEC share price has plunged 5% and is presently trading at Rs 272.5.

Meanwhile, the BSE CAPITAL GOODS index is at 71,513.4 (down 0.6%).

Among the top losers in the BSE CAPITAL GOODS index today are SKF India (down 3.4%) and TIMKEN INDIA (down 2.2%).

V GUARD IND. (up 5.9%) and AIA Engineering (up 0.9%) are among the top gainers today.

Over the last one year, MARINE ELEC has moved up from Rs 0.0 to Rs 272.5, registering a gain of Rs 272.5 .

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 71,513.4, registering a gain of 65.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 185.7%), HINDUSTAN AERO. (up 139.0%) and Bharat Electronics (up 125.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,064.1 (up 0.1%).

The top gainers among the BSE Sensex today are M&M (up 1.5%) and TCS (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 79,064.1, registering a gain of 13,662.1 points (up 20.9%).

MARINE ELEC Financial Update...

MARINE ELEC net profit grew 135.1% YoY to Rs 83 million for the quarter ended June 2024, compared to a profit of Rs 35 million a year ago. Net sales rose 23.9% to Rs 1,252 million during the period as against Rs 1,011 million in April-June 2023.

For the year ended March 2023, MARINE ELEC reported 26.5% increase in net profit to Rs 168 million compared to net profit of Rs 133 million during FY22. Revenue of the company grew 17.7% to Rs 4,429 million during FY23.

The current Price to earnings ratio of MARINE ELEC, based on rolling 12 month earnings, stands at 119.0.

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