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NELCO Plunges 3%; BSE CAPITAL GOODS Index Down 0.3%
Wed, 18 Sep 13:35

NELCO Plunges 3%; BSE CAPITAL GOODS Index Down 0.3%Image source: Ivcandy/www.istockphoto.com

NELCO share price has plunged 3% and is presently trading at Rs 1,110.9.

Meanwhile, the BSE CAPITAL GOODS index is at 72,697.8 (down 0.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 1.5%) and GMR Infra (down 1.5%).

Graphite India (up 8.6%) and L&T (up 0.5%) are among the top gainers today.

Over the last one year, NELCO has moved up from Rs 803.2 to Rs 1,110.9, registering a gain of Rs 307.7 (up 38.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 72,697.8, registering a gain of 54.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 122.9%), BHEL (up 109.0%) and Bharat Electronics (up 101.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,991.3 (down 0.1%).

The top losers among the BSE Sensex today are TCS (down 3.5%) and HCl Tech. (down 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,362.0 (down 0.2%). TCS and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 82,991.3, registering a gain of 15,394.5 points (up 22.8%).

NELCO Financial Update...

NELCO net profit fell 21.3% YoY to Rs 45 million for the quarter ended June 2024, compared to a profit of Rs 57 million a year ago. Net sales declined 6.0% to Rs 741 million during the period as against Rs 788 million in April-June 2023.

For the year ended March 2024, NELCO reported 19.2% increase in net profit to Rs 237 million compared to net profit of Rs 199 million during FY23. Revenue of the company grew 2.2% to Rs 3,203 million during FY24.

The current Price to earnings ratio of NELCO, based on rolling 12 month earnings, stands at 115.3.

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