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BALU FORGE Gains 4%; BSE CAPITAL GOODS Index Down 1.0%
Mon, 9 Sep 9:35

BALU FORGE Gains 4%; BSE CAPITAL GOODS Index Down 1.0%Image source: alexsl/www.istockphoto.com

BALU FORGE share price has zoomed 4% and is presently trading at Rs 802.0.

Meanwhile, the BSE CAPITAL GOODS index is at 70,425.7 (down 1.0%).

Bharat Electronics (down 2.0%) and Carborundum Universal (down 1.8%) are among the top losers today.

Over the last one year, BALU FORGE has moved up from Rs 220.4 to Rs 802.0, registering a gain of Rs 581.7 (up 264.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,901.9 to 70,425.7, registering a gain of 53.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.3%), Bharat Electronics (up 99.0%) and ADANI GREEN ENERGY (up 91.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,914.4 (down 0.3%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.1%) and Tata Steel (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,755.7 (down 0.4%). ONGC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 80,914.4, registering a gain of 15,134.1 points (up 23.0%).

BALU FORGE Financial Update...

BALU FORGE net profit grew 105.0% YoY to Rs 342 million for the quarter ended June 2024, compared to a profit of Rs 167 million a year ago. Net sales rose 56.0% to Rs 1,753 million during the period as against Rs 1,124 million in April-June 2023.

For the year ended March 2023, BALU FORGE reported 30.4% increase in net profit to Rs 389 million compared to net profit of Rs 298 million during FY22. Revenue of the company grew 14.2% to Rs 3,266 million during FY23.

The current Price to earnings ratio of BALU FORGE, based on rolling 12 month earnings, stands at 75.7.

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