Elecon Engineering share price has zoomed 6% and is presently trading at Rs 669.2.
Meanwhile, the BSE CAPITAL GOODS index is at 73,729.7 (up 0.5%).
Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 3.5%) and ABB (up 2.5%).
GRINDWELL NORTON (down 1.0%) and TIMKEN INDIA (down 0.8%) are among the top losers today.
Over the last one year, Elecon Engineering has moved up from Rs 365.3 to Rs 669.2, registering a gain of Rs 303.9 (up 83.2%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 46,903.1 to 73,729.7, 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 122.0%), BHEL (up 119.7%) and Bharat Electronics (up 107.2%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 84,754.9 (up 0.2%).
The top gainers among the BSE Sensex today are M&M (up 1.7%) and SBI (up 1.6%). 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 84,754.9, registering a gain of 17,954.1 points (up 26.9%).
Elecon Engineering net profit fell 1.6% YoY to Rs 709 million for the quarter ended June 2024, compared to a profit of Rs 721 million a year ago. Net sales declined 5.3% to Rs 3,924 million during the period as against Rs 4,143 million in April-June 2023.
For the year ended March 2024, Elecon Engineering reported 49.7% increase in net profit to Rs 3,556 million compared to net profit of Rs 2,375 million during FY23. Revenue of the company grew 26.7% to Rs 19,374 million during FY24.
The current Price to earnings ratio of Elecon Engineering, based on rolling 12 month earnings, stands at 43.1.
Equitymaster requests your view! Post a comment on "Elecon Engineering Gains 6%; BSE CAPITAL GOODS Index Up 0.5%". 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!