TECHNO ELECTRIC & ENG share price has zoomed 3% and is presently trading at Rs 1,599.0.
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, TECHNO ELECTRIC & ENG has moved up from Rs 545.3 to Rs 1,599.0, registering a gain of Rs 1,053.8 (up 193.3%).
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
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%).
TECHNO ELECTRIC & ENG net profit grew 91.4% YoY to Rs 533 million for the quarter ended June 2024, compared to a profit of Rs 278 million a year ago. Net sales rose 37.0% to Rs 3,754 million during the period as against Rs 2,739 million in April-June 2023.
For the year ended March 2024, TECHNO ELECTRIC & ENG reported 180.5% increase in net profit to Rs 2,710 million compared to net profit of Rs 966 million during FY23. Revenue of the company grew 81.1% to Rs 15,024 million during FY24.
The current Price to earnings ratio of TECHNO ELECTRIC & ENG, based on rolling 12 month earnings, stands at 62.7.
Equitymaster requests your view! Post a comment on "TECHNO ELECTRIC & ENG Gains 3%; BSE CAPITAL GOODS Index Down 1.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!