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EUREKA FORBES Gains 6%; BSE CONSUMER DURABLES Index Up 1.0%
Thu, 12 Sep 14:9

EUREKA FORBES Gains 6%; BSE CONSUMER DURABLES Index Up 1.0%Image source: DNY59/www.istockphoto.com

EUREKA FORBES share price has zoomed 6% and is presently trading at Rs 536.9.

Meanwhile, the BSE CONSUMER DURABLES index is at 65,728.2 (up 1.0%).

Among the top gainers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (up 1.6%) and Voltas (up 1.3%).

ORIENT ELECTRIC (down 1.8%) and WHIRLPOOL OF INDIA (down 0.6%) are among the top losers today.

Over the last one year, EUREKA FORBES has moved up from Rs 510.1 to Rs 536.9, registering a gain of Rs 26.9 (up 5.3%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 46,360.5 to 65,728.2, registering a gain of 41.8% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 148.3%), Blue Star (up 124.4%) and Voltas (up 103.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,018.4 (up 0.6%).

The top gainers among the BSE Sensex today are NTPC (up 2.6%) and M&M (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,134.0 (up 0.9%). Hindalco and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,018.4, registering a gain of 14,891.4 points (up 22.2%).

EUREKA FORBES Financial Update...

EUREKA FORBES net profit grew 26.4% YoY to Rs 322 million for the quarter ended June 2024, compared to a profit of Rs 254 million a year ago. Net sales rose 9.6% to Rs 5,534 million during the period as against Rs 5,048 million in April-June 2023.

For the year ended March 2024, EUREKA FORBES reported 261.3% increase in net profit to Rs 956 million compared to net profit of Rs 265 million during FY23. Revenue of the company grew 5.0% to Rs 21,893 million during FY24.

The current Price to earnings ratio of EUREKA FORBES, based on rolling 12 month earnings, stands at 101.5.


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