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INTL.CONVEYORS Gains 8%; BSE CAPITAL GOODS Index Up 0.5%
Mon, 23 Sep 10:33

INTL.CONVEYORS Gains 8%; BSE CAPITAL GOODS Index Up 0.5%Image source: Sakorn BernardaSv/www.istockphoto.com

INTL.CONVEYORS share price has zoomed 8% and is presently trading at Rs 104.5.

Meanwhile, the BSE CAPITAL GOODS index is at 73,731.1 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 3.4%) and ABB (up 2.6%).

GRINDWELL NORTON (down 1.0%) and TIMKEN INDIA (down 0.8%) are among the top losers today.

Over the last one year, INTL.CONVEYORS has moved up from Rs 84.2 to Rs 104.5, registering a gain of Rs 20.3 (up 24.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,903.1 to 73,731.1, registering a gain of 57.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 121.9%), BHEL (up 119.7%) and Bharat Electronics (up 107.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,743.4 (up 0.2%).

The top gainers among the BSE Sensex today are SBI (up 1.7%) and M&M (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,891.9 (up 0.4%). ONGC and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,743.4, registering a gain of 17,942.6 points (up 26.9%).

INTL.CONVEYORS Financial Update...

INTL.CONVEYORS net profit grew 125.9% YoY to Rs 319 million for the quarter ended June 2024, compared to a profit of Rs 141 million a year ago. Net sales declined 5.3% to Rs 404 million during the period as against Rs 427 million in April-June 2023.

For the year ended March 2024, INTL.CONVEYORS reported 117.2% increase in net profit to Rs 624 million compared to net profit of Rs 287 million during FY23. Revenue of the company fell 37.7% to Rs 1,339 million during FY24.

The current Price to earnings ratio of INTL.CONVEYORS, based on rolling 12 month earnings, stands at 8.3.

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