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V GUARD IND. Plunges 6%; BSE CAPITAL GOODS Index Up 0.4%
Mon, 19 Aug 10:24

V GUARD IND. Plunges 6%; BSE CAPITAL GOODS Index Up 0.4%Image source: KanawatTH/www.istockphoto.com

V GUARD IND. share price has plunged 6% and is presently trading at Rs 490.6.

Meanwhile, the BSE CAPITAL GOODS index is at 73,118.5 (up 0.4%).

Among the top losers in the BSE CAPITAL GOODS index today are Finolex Cables (down 1.7%) and SCHAEFFLER INDIA (down 1.6%).

ADANI GREEN ENERGY (up 2.3%) and Graphite India (up 2.0%) are among the top gainers today.

Over the last one year, V GUARD IND. has moved up from Rs 307.4 to Rs 490.6, registering a gain of Rs 183.2 (up 59.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 73,118.5, registering a gain of 68.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 193.2%), HINDUSTAN AERO. (up 149.4%) and Bharat Electronics (up 133.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,488.4 (up 0.1%).

The top gainers among the BSE Sensex today are NTPC (up 1.8%) and Reliance Ind. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,574.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,488.4, registering a gain of 15,086.5 points (up 23.1%).

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 73.0.


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1 Responses to "V GUARD IND. Plunges 6%; BSE CAPITAL GOODS Index Up 0.4%"

Madhu

Aug 19, 2024

Fundamentally, no issues, can accumulate for long term?

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Equitymaster requests your view! Post a comment on "V GUARD IND. Plunges 6%; BSE CAPITAL GOODS Index Up 0.4%". Click here!