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INOX WIND Plunges 5%; BSE CAPITAL GOODS Index Down 2.1%
Mon, 7 Oct 12:51

INOX WIND Plunges 5%; BSE CAPITAL GOODS Index Down 2.1%Image source: ThinkNeo/www.istockphoto.com

INOX WIND share price has plunged 5% and is presently trading at Rs 211.2.

Meanwhile, the BSE CAPITAL GOODS index is at 68,794.0 (down 2.1%).

Among the top losers in the BSE CAPITAL GOODS index today are Graphite India (down 5.3%) and Finolex Cables (down 4.8%).

Over the last one year, INOX WIND has moved up from Rs 48.1 to Rs 211.2, registering a gain of Rs 163.2 (up 339.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 68,794.0, registering a gain of 42.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 113.6%), Siemens (up 99.6%) and BHEL (up 96.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,392.5 (down 0.4%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 3.8%) and NTPC (down 3.6%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,822.7 (down 0.8%). NTPC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,392.5, registering a gain of 15,880.4 points (up 24.2%).

INOX WIND Financial Update...

INOX WIND net profit grew 172.7% YoY to Rs 472 million for the quarter ended June 2024, compared to a loss of Rs 649 million a year ago. Net sales rose 83.2% to Rs 6,388 million during the period as against Rs 3,487 million in April-June 2023.

For the year ended March 2024, INOX WIND reported 92.7% increase in net profit to Rs -508 million compared to net loss of Rs 6,968 million during FY23. Revenue of the company grew 137.8% to Rs 17,432 million during FY24.

The current Price to earnings ratio of INOX WIND, based on rolling 12 month earnings, stands at 462.7.

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