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APAR INDUSTRIES Gains 7%; BSE CAPITAL GOODS Index Up 0.0%
Wed, 11 Sep 14:32

APAR INDUSTRIES  Gains 7%; BSE CAPITAL GOODS Index Up 0.0%Image source: hudiemm/www.istockphoto.com

APAR INDUSTRIES share price has zoomed 7% and is presently trading at Rs 9,837.9.

Meanwhile, the BSE CAPITAL GOODS index is at 71,568.9 .

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.4%) and Thermax (up 1.6%).

BHEL (down 1.7%) and HINDUSTAN AERO. (down 1.4%) are among the top losers today.

Over the last one year, APAR INDUSTRIES has moved up from Rs 5,024.6 to Rs 9,837.9, registering a gain of Rs 4,813.3 (up 95.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,746.4 to 71,568.9, registering a gain of 49.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 126.2%), Bharat Electronics (up 99.7%) and BHEL (up 85.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,606.7 (down 0.4%).

The top losers among the BSE Sensex today are Tata Motors (down 5.8%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,951.1 (down 0.4%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,606.7, registering a gain of 14,479.6 points (up 21.6%).

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 47.6.


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