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Swaraj Engines Gains 5%; BSE CAPITAL GOODS Index Down 1.0%
Fri, 21 Jun 18:58

Swaraj Engines share price has zoomed 5% and is presently trading at Rs 3,053.1.

Meanwhile, the BSE CAPITAL GOODS index is at 71,779.2 (down 1.0%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.0%) and SCHAEFFLER INDIA (up 1.3%).

Carborundum Universal (down 3.1%) and TIMKEN INDIA (down 2.8%) are among the top losers today.

Over the last one year, Swaraj Engines has moved up from Rs 2,099.6 to Rs 3,053.1, registering a gain of Rs 953.5 (up 45.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,944.1 to 71,779.2, registering a gain of 79.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.4%), HINDUSTAN AERO. (up 168.7%) and Bharat Electronics (up 143.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,209.9 (down 0.4%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.2%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 23,501.1 (down 0.3%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,327.7 to 77,209.9, registering a gain of 13,882.2 points (up 21.9%).

Swaraj Engines Financial Update...

Swaraj Engines net profit grew 0.6% YoY to Rs 352 million for the quarter ended March 2024, compared to a profit of Rs 350 million a year ago. Net sales declined 2.5% to Rs 3,510 million during the period as against Rs 3,598 million in January-March 2023.

For the year ended March 2023, Swaraj Engines reported 22.0% increase in net profit to Rs 1,336 million compared to net profit of Rs 1,095 million during FY22. Revenue of the company grew 24.9% to Rs 14,218 million during FY23.

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

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