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KHAITAN IND. Plunges 5%; BSE CONSUMER DURABLES Index Up 0.0%
Tue, 27 Aug 9:25

KHAITAN IND. Plunges 5%; BSE CONSUMER DURABLES Index Up 0.0%Image source: Kameleon007 /www.istockphoto.com

KHAITAN IND. share price has plunged 5% and is presently trading at Rs 109.5.

Meanwhile, the BSE CONSUMER DURABLES index is at 63,990.7 .

Among the top losers in the BSE CONSUMER DURABLES index today are ORIENT ELECTRIC (down 0.5%) and DIXON TECHNOLOGIES (down 0.5%).

Bajaj Electricals (up 1.3%) and Blue Star (up 0.8%) are among the top gainers today.

Over the last one year, KHAITAN IND. has moved up from Rs 56.0 to Rs 109.5, registering a gain of Rs 53.5 (up 95.6%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 44,089.7 to 63,990.7, registering a gain of 45.1% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 166.6%), Blue Star (up 130.9%) and Voltas (up 106.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,761.3 (up 0.1%).

The top gainers among the BSE Sensex today are HCl Tech. (up 0.9%) and Power Grid Corp. (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,021.5 . HCl Tech. and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,761.3, registering a gain of 16,328.0 points (up 25.0%).

KHAITAN IND. Financial Update...

KHAITAN IND. net profit grew 438.5% YoY to Rs 21 million for the quarter ended June 2024, compared to a profit of Rs 4 million a year ago. Net sales rose 41.3% to Rs 194 million during the period as against Rs 137 million in April-June 2023.

For the year ended March 2023, KHAITAN IND. reported 120.7% increase in net profit to Rs 7 million compared to net loss of Rs 33 million during FY22. Revenue of the company grew 13.8% to Rs 595 million during FY23.

The current Price to earnings ratio of KHAITAN IND., based on rolling 12 month earnings, stands at 17.1.


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