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ELIN ELECTRONICS Gains 5%; BSE CONSUMER DURABLES Index Up 0.6%
Tue, 8 Oct 11:29

ELIN ELECTRONICS Gains 5%; BSE CONSUMER DURABLES Index Up 0.6%Image source: Nikada/www.istockphoto.com

ELIN ELECTRONICS share price has zoomed 5% and is presently trading at Rs 226.4.

Meanwhile, the BSE CONSUMER DURABLES index is at 64,978.2 (up 0.6%).

Among the top gainers in the BSE CONSUMER DURABLES index today are DIXON TECHNOLOGIES (up 4.2%) and AMBER ENTERPRISES INDIA (up 3.7%).

Titan (down 1.5%) and Blue Star (down 1.1%) are among the top losers today.

Over the last one year, ELIN ELECTRONICS has moved up from Rs 173.6 to Rs 226.4, registering a gain of Rs 52.9 (up 30.5%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,437.7 to 64,978.2, registering a gain of 43.0% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 169.6%), Blue Star (up 117.2%) and Voltas (up 105.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,486.7 (up 0.5%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.6%) and M&M (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,964.2 (up 0.7%). Trent and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,486.7, registering a gain of 16,260.7 points (up 24.9%).

ELIN ELECTRONICS Financial Update...

ELIN ELECTRONICS net profit grew 56.9% YoY to Rs 59 million for the quarter ended June 2024, compared to a profit of Rs 38 million a year ago. Net sales rose 15.7% to Rs 2,936 million during the period as against Rs 2,538 million in April-June 2023.

For the year ended March 2024, ELIN ELECTRONICS reported 48.2% decrease in net profit to Rs 139 million compared to net profit of Rs 268 million during FY23. Revenue of the company fell 3.1% to Rs 10,417 million during FY24.

The current Price to earnings ratio of ELIN ELECTRONICS, based on rolling 12 month earnings, stands at 70.2.


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