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STOVEC INDUSTRIES Gains 7%; BSE CAPITAL GOODS Index Up 0.6%
Mon, 14 Oct 11:25

STOVEC INDUSTRIES Gains 7%; BSE CAPITAL GOODS Index Up 0.6%Image source: alexsl/www.istockphoto.com

STOVEC INDUSTRIES share price has zoomed 7% and is presently trading at Rs 3,487.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,004.2 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are L&T (up 1.9%) and HINDUSTAN AERO. (up 1.4%).

Thermax (down 1.3%) and AIA Engineering (down 1.1%) are among the top losers today.

Over the last one year, STOVEC INDUSTRIES has moved up from Rs 2,411.2 to Rs 3,487.0, registering a gain of Rs 1,075.8 (up 44.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,809.8 to 72,004.2, registering a gain of 50.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.3%), Siemens (up 114.2%) and BHEL (up 106.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,911.1 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.0%) and L&T (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,113.7 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,911.1, registering a gain of 15,831.8 points (up 24.0%).

STOVEC INDUSTRIES Financial Update...

STOVEC INDUSTRIES net profit grew 78.1% YoY to Rs 36 million for the quarter ended June 2024, compared to a profit of Rs 20 million a year ago. Net sales rose 6.9% to Rs 612 million during the period as against Rs 573 million in April-June 2023.

For the year ended December 2023, STOVEC INDUSTRIES reported 63.5% decrease in net profit to Rs 90 million compared to net profit of Rs 248 million during FY22. Revenue of the company fell 12.1% to Rs 2,073 million during FY23.

The current Price to earnings ratio of STOVEC INDUSTRIES, based on rolling 12 month earnings, stands at 56.4.


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