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Everest Kanto Cylinder Gains 7%; BSE CAPITAL GOODS Index Down 0.5%
Wed, 14 Aug 14:21

Everest Kanto Cylinder Gains 7%; BSE CAPITAL GOODS Index Down 0.5%Image source: Nikada/www.istockphoto.com

Everest Kanto Cylinder share price has zoomed 7% and is presently trading at Rs 168.1.

Meanwhile, the BSE CAPITAL GOODS index is at 71,597.9 (down 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are ABB (up 2.9%) and Finolex Cables (up 2.6%).

TIMKEN INDIA (down 3.3%) and SKF India (down 2.7%) are among the top losers today.

Over the last one year, Everest Kanto Cylinder has moved up from Rs 110.5 to Rs 168.1, registering a gain of Rs 57.7 (up 52.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 71,597.9, registering a gain of 65.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 185.4%), HINDUSTAN AERO. (up 141.3%) and Bharat Electronics (up 125.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,159.7 (up 0.3%).

The top gainers among the BSE Sensex today are TCS (up 2.0%) and HCl Tech. (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,172.5 (up 0.1%). TCS 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 79,159.7, registering a gain of 13,757.8 points (up 21.0%).

Everest Kanto Cylinder Financial Update...

Everest Kanto Cylinder net profit fell 63.8% YoY to Rs 131 million for the quarter ended March 2024, compared to a profit of Rs 363 million a year ago. Net sales rose 9.4% to Rs 3,258 million during the period as against Rs 2,979 million in January-March 2023.

For the year ended March 2024, Everest Kanto Cylinder reported 28.6% increase in net profit to Rs 976 million compared to net profit of Rs 759 million during FY23. Revenue of the company fell 4.0% to Rs 12,230 million during FY24.

The current Price to earnings ratio of Everest Kanto Cylinder, based on rolling 12 month earnings, stands at 19.3.


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