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ION EXCHANGE Gains 4%; BSE CAPITAL GOODS Index Down 0.5%
Mon, 2 Sep 10:18

ION EXCHANGE Gains 4%; BSE CAPITAL GOODS Index Down 0.5%Image source: DNY59/www.istockphoto.com

ION EXCHANGE share price has zoomed 4% and is presently trading at Rs 672.6.

Meanwhile, the BSE CAPITAL GOODS index is at 72,795.1 (down 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 2.4%) and Lakshmi Machine (up 2.1%).

Bharat Forge (down 1.2%) and ABB (down 1.1%) are among the top losers today.

Over the last one year, ION EXCHANGE has moved up from Rs 509.2 to Rs 672.6, registering a gain of Rs 163.5 (up 32.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,941.0 to 72,795.1, registering a gain of 62.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 151.5%), HINDUSTAN AERO. (up 140.8%) and Bharat Electronics (up 121.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,593.6 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 2.4%) and ITC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,305.2 (up 0.3%). Bajaj Finserv and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,593.6, registering a gain of 17,517.8 points (up 26.9%).

ION EXCHANGE Financial Update...

ION EXCHANGE net profit grew 33.4% YoY to Rs 444 million for the quarter ended June 2024, compared to a profit of Rs 333 million a year ago. Net sales rose 18.4% to Rs 5,676 million during the period as against Rs 4,792 million in April-June 2023.

For the year ended March 2024, ION EXCHANGE reported 0.2% increase in net profit to Rs 1,954 million compared to net profit of Rs 1,950 million during FY23. Revenue of the company grew 18.0% to Rs 23,478 million during FY24.

The current Price to earnings ratio of ION EXCHANGE, based on rolling 12 month earnings, stands at 48.1.


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