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RASI ELECTRO Gains 11%; BSE CAPITAL GOODS Index Down 0.1%
Mon, 19 Aug 13:15

RASI ELECTRO Gains 11%; BSE CAPITAL GOODS Index Down 0.1%Image source: Nikada/www.istockphoto.com

RASI ELECTRO share price has zoomed 11% and is presently trading at Rs 32.3.

Meanwhile, the BSE CAPITAL GOODS index is at 72,805.7 (down 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 2.7%) and Graphite India (up 1.0%).

V GUARD IND. (down 6.5%) and Finolex Cables (down 2.1%) are among the top losers today.

Over the last one year, RASI ELECTRO has moved up from Rs 16.0 to Rs 32.3, registering a gain of Rs 16.3 (up 101.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 72,805.7, registering a gain of 68.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 190.3%), HINDUSTAN AERO. (up 147.7%) and Bharat Electronics (up 132.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,474.1 .

The top gainers among the BSE Sensex today are Tata Steel (up 2.0%) and NTPC (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,579.6 (up 0.2%). 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 80,474.1, registering a gain of 15,072.2 points (up 23.0%).

RASI ELECTRO Financial Update...

RASI ELECTRO net profit grew 94.8% YoY to Rs 11 million for the quarter ended June 2024, compared to a profit of Rs 6 million a year ago. Net sales rose 13.1% to Rs 213 million during the period as against Rs 188 million in April-June 2023.

For the year ended March 2023, RASI ELECTRO reported 46.9% increase in net profit to Rs 30 million compared to net profit of Rs 20 million during FY22. Revenue of the company grew 28.0% to Rs 875 million during FY23.

The current Price to earnings ratio of RASI ELECTRO, based on rolling 12 month earnings, stands at 26.9.

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