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STOVEC INDUSTRIES Gains 6%; BSE CAPITAL GOODS Index Down 1.4%
Mon, 21 Oct 15:51

STOVEC INDUSTRIES Gains 6%; BSE CAPITAL GOODS Index Down 1.4%Image source: Sefa Ozel/www.istockphoto.com

STOVEC INDUSTRIES share price has zoomed 6% and is presently trading at Rs 3,550.0.

Meanwhile, the BSE CAPITAL GOODS index is at 70,806.6 (down 1.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Lakshmi Machine (up 1.0%) and Honeywell Automation (up 0.2%).

ABB (down 5.6%) and Graphite India (down 4.2%) are among the top losers today.

Over the last one year, STOVEC INDUSTRIES has moved up from Rs 2,401.2 to Rs 3,550.0, registering a gain of Rs 1,148.9 (up 47.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,057.9 to 70,806.6, 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 128.9%), Siemens (up 108.3%) and Bharat Electronics (up 103.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,151.3 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 4.7%) and Bajaj Finserv (down 3.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,739.5 (down 0.5%). Tata Consumer Products and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,428.1 to 81,151.3, registering a gain of 14,723.2 points (up 22.2%).

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 57.4.


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