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HEG Gains 5%; BSE CAPITAL GOODS Index Up 1.9%
Tue, 8 Oct 11:30

HEG Gains 5%; BSE CAPITAL GOODS Index Up 1.9%Image source: Chunumunu/www.istockphoto.com

HEG share price has zoomed 5% and is presently trading at Rs 2,339.0.

Meanwhile, the BSE CAPITAL GOODS index is at 70,084.8 (up 1.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 4.3%) and BHEL (up 3.5%).

Thermax (down 0.9%) and GRINDWELL NORTON (down 0.7%) are among the top losers today.

Over the last one year, HEG has moved up from Rs 1,786.9 to Rs 2,339.0, registering a gain of Rs 552.1 (up 30.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,570.0 to 70,084.8, registering a gain of 47.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 126.8%), BHEL (up 108.2%) and Siemens (up 106.1%).

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

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 24,973.8 (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%).

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 66.8.

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