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HEG Plunges 4%; BSE CAPITAL GOODS Index Down 1.9%
Mon, 7 Oct 10:49

HEG Plunges 4%; BSE CAPITAL GOODS Index Down 1.9%Image source: bluebay2014/www.istockphoto.com

HEG share price has plunged 4% and is presently trading at Rs 2,255.8.

Meanwhile, the BSE CAPITAL GOODS index is at 68,978.5 (down 1.9%).

Among the top losers in the BSE CAPITAL GOODS index today are Graphite India (down 4.8%) and Finolex Cables (down 4.7%).

Over the last one year, HEG has moved up from Rs 1,734.6 to Rs 2,255.8, registering a gain of Rs 521.3 (up 30.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 68,978.5, registering a gain of 43.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 113.3%), Siemens (up 100.2%) and BHEL (up 97.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,734.7 (up 0.1%).

The top gainers among the BSE Sensex today are ITC (up 1.7%) and ICICI Bank (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,972.4 (down 0.2%). MUNDRA PORT & SEZ and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,734.7, registering a gain of 16,222.6 points (up 24.8%).

HEG Financial Update...

HEG net profit fell 97.5% YoY to Rs 25 million for the quarter ended June 2024, compared to a profit of Rs 973 million a year ago. Net sales declined 14.9% to Rs 5,715 million during the period as against Rs 6,714 million in April-June 2023.

For the year ended March 2024, HEG reported 41.5% decrease in net profit to Rs 3,117 million compared to net profit of Rs 5,324 million during FY23. Revenue of the company fell 2.9% to Rs 23,949 million during FY24.

The current Price to earnings ratio of HEG, based on rolling 12 month earnings, stands at 64.4.

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