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STOVEC INDUSTRIES Gains 9%; BSE CAPITAL GOODS Index Up 0.1%
Mon, 19 Aug 12:15

STOVEC INDUSTRIES Gains 9%; BSE CAPITAL GOODS Index Up 0.1%Image source: Ivcandy/www.istockphoto.com

STOVEC INDUSTRIES share price has zoomed 9% and is presently trading at Rs 3,510.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,913.5 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 2.5%) and Honeywell Automation (up 1.0%).

V GUARD IND. (down 7.4%) and Finolex Cables (down 2.0%) are among the top losers today.

Over the last one year, STOVEC INDUSTRIES has moved up from Rs 2,599.9 to Rs 3,510.0, registering a gain of Rs 910.2 (up 35.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 72,913.5, registering a gain of 68.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 191.3%), HINDUSTAN AERO. (up 148.2%) and Bharat Electronics (up 132.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,484.5 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.4%) and NTPC (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,575.7 (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 80,484.5, registering a gain of 15,082.5 points (up 23.1%).

STOVEC INDUSTRIES Financial Update...

STOVEC INDUSTRIES net profit grew 78.1% YoY to Rs 36 million for the quarter ended June 2024, compared to a profit of Rs 20 million a year ago. Net sales rose 6.9% to Rs 612 million during the period as against Rs 573 million in April-June 2023.

For the year ended December 2023, STOVEC INDUSTRIES reported 63.5% decrease in net profit to Rs 90 million compared to net profit of Rs 248 million during FY22. Revenue of the company fell 12.1% to Rs 2,073 million during FY23.

The current Price to earnings ratio of STOVEC INDUSTRIES, based on rolling 12 month earnings, stands at 56.7.


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