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Swelect Energy Plunges 5%; BSE CAPITAL GOODS Index Down 1.1%
Mon, 7 Oct 10:3

Swelect Energy Plunges 5%; BSE CAPITAL GOODS Index Down 1.1%Image source: phive2015/www.istockphoto.com

Swelect Energy share price has plunged 5% and is presently trading at Rs 1,110.0.

Meanwhile, the BSE CAPITAL GOODS index is at 69,540.4 (down 1.1%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 3.2%) and Finolex Cables (down 2.9%).

Over the last one year, Swelect Energy has moved up from Rs 604.8 to Rs 1,110.0, registering a gain of Rs 505.2 (up 83.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 69,540.4, registering a gain of 44.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 115.7%), Siemens (up 102.5%) and BHEL (up 101.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,930.9 (up 0.3%).

The top gainers among the BSE Sensex today are ITC (up 2.1%) and ICICI Bank (up 1.2%). The most traded stocks in the BSE Sensex are Bharti Airtel and Tata Steel.

In the meantime, NSE Nifty is at 25,077.8 (up 0.3%). ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,930.9, registering a gain of 16,418.8 points (up 25.1%).

Swelect Energy Financial Update...

Swelect Energy net profit fell 32.7% YoY to Rs 66 million for the quarter ended June 2024, compared to a profit of Rs 98 million a year ago. Net sales rose 105.6% to Rs 1,138 million during the period as against Rs 554 million in April-June 2023.

For the year ended March 2024, Swelect Energy reported 87.7% increase in net profit to Rs 536 million compared to net profit of Rs 285 million during FY23. Revenue of the company fell 1.2% to Rs 2,428 million during FY24.

The current Price to earnings ratio of Swelect Energy, based on rolling 12 month earnings, stands at 30.5.


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