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NLC India Plunges 5%; BSE POWER Index Down 2.4%
Mon, 7 Oct 10:49

NLC India Plunges 5%; BSE POWER Index Down 2.4%Image source: Nikada/www.istockphoto.com

NLC India share price has plunged 5% and is presently trading at Rs 261.0.

Meanwhile, the BSE POWER index is at 8,155.0 (down 2.4%).

Among the top losers in the BSE POWER index today are NHPC (down 4.4%) and KEC INTERNATIONAL (down 4.1%).

Over the last one year, NLC India has moved up from Rs 132.0 to Rs 261.0, registering a gain of Rs 129.0 (up 97.7%).

On the other hand, the BSE POWER index has moved up from 4,621.4 to 8,155.0, registering a gain of 76.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 146.9%), Siemens (up 100.2%) and BHEL (up 97.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,726.4 .

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 81,726.4, registering a gain of 16,214.3 points (up 24.8%).

NLC India Financial Update...

NLC India net profit grew 37.0% YoY to Rs 5,666 million for the quarter ended June 2024, compared to a profit of Rs 4,136 million a year ago. Net sales rose 1.8% to Rs 33,761 million during the period as against Rs 33,165 million in April-June 2023.

For the year ended March 2024, NLC India reported 31.0% increase in net profit to Rs 18,673 million compared to net profit of Rs 14,251 million during FY23. Revenue of the company fell 19.6% to Rs 129,990 million during FY24.

The current Price to earnings ratio of NLC India, based on rolling 12 month earnings, stands at 17.9.


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