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APAR INDUSTRIES Plunges 4%; BSE CAPITAL GOODS Index Down 1.0%
Mon, 2 Sep 13:13

APAR INDUSTRIES  Plunges 4%; BSE CAPITAL GOODS Index Down 1.0%Image source: DNY59/www.istockphoto.com

APAR INDUSTRIES share price has plunged 4% and is presently trading at Rs 8,804.2.

Meanwhile, the BSE CAPITAL GOODS index is at 72,424.1 (down 1.0%).

Among the top losers in the BSE CAPITAL GOODS index today are ABB (down 2.5%) and SCHAEFFLER INDIA (down 2.1%).

ADANI GREEN ENERGY (up 2.7%) and Lakshmi Machine (up 2.3%) are among the top gainers today.

Over the last one year, APAR INDUSTRIES has moved up from Rs 5,030.5 to Rs 8,804.2, registering a gain of Rs 3,773.7 (up 75.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,941.0 to 72,424.1, registering a gain of 61.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 149.2%), HINDUSTAN AERO. (up 140.1%) and Bharat Electronics (up 119.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,488.3 (up 0.1%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.4%) and HCl Tech. (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,262.1 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,488.3, registering a gain of 17,412.4 points (up 26.8%).

APAR INDUSTRIES Financial Update...

APAR INDUSTRIES net profit grew 2.6% YoY to Rs 2,025 million for the quarter ended June 2024, compared to a profit of Rs 1,975 million a year ago. Net sales rose 6.5% to Rs 40,105 million during the period as against Rs 37,671 million in April-June 2023.

For the year ended March 2024, APAR INDUSTRIES reported 29.4% increase in net profit to Rs 8,251 million compared to net profit of Rs 6,377 million during FY23. Revenue of the company grew 12.7% to Rs 161,530 million during FY24.

The current Price to earnings ratio of APAR INDUSTRIES , based on rolling 12 month earnings, stands at 42.6.


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