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Elgi Equipments Gains 7%; BSE CAPITAL GOODS Index Up 0.7%
Wed, 9 Oct 9:28

Elgi Equipments Gains 7%; BSE CAPITAL GOODS Index Up 0.7%Image source: StarLineArts/www.istockphoto.com

Elgi Equipments share price has zoomed 7% and is presently trading at Rs 674.1.

Meanwhile, the BSE CAPITAL GOODS index is at 71,203.5 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 4.7%) and Graphite India (up 1.8%).

L&T (down 0.3%) and V GUARD IND. (down 0.3%) are among the top losers today.

Over the last one year, Elgi Equipments has moved up from Rs 494.3 to Rs 674.1, registering a gain of Rs 179.8 (up 36.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,558.7 to 71,203.5, registering a gain of 49.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 128.5%), Siemens (up 111.2%) and BHEL (up 110.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,803.5 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.1%) and Tech Mahindra (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,072.5 (up 0.2%). Shriram Transport and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,803.5, registering a gain of 16,291.1 points (up 24.9%).

Elgi Equipments Financial Update...

Elgi Equipments net profit grew 25.9% YoY to Rs 727 million for the quarter ended June 2024, compared to a profit of Rs 577 million a year ago. Net sales rose 10.7% to Rs 8,011 million during the period as against Rs 7,239 million in April-June 2023.

For the year ended March 2024, Elgi Equipments reported 15.9% decrease in net profit to Rs 3,119 million compared to net profit of Rs 3,708 million during FY23. Revenue of the company grew 5.8% to Rs 32,178 million during FY24.

The current Price to earnings ratio of Elgi Equipments, based on rolling 12 month earnings, stands at 66.4.


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