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IGARASHI MOTORS Gains 7%; BSE CAPITAL GOODS Index Down 0.9%
Wed, 23 Oct 14:35

IGARASHI MOTORS Gains 7%; BSE CAPITAL GOODS Index Down 0.9%Image source: Sefa Ozel/www.istockphoto.com

IGARASHI MOTORS share price has zoomed 7% and is presently trading at Rs 712.1.

Meanwhile, the BSE CAPITAL GOODS index is at 68,104.6 (down 0.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.5%) and GMR Infra (up 1.8%).

ABB (down 3.7%) and Siemens (down 3.0%) are among the top losers today.

Over the last one year, IGARASHI MOTORS has moved up from Rs 581.1 to Rs 712.1, registering a gain of Rs 131.0 (up 22.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 68,104.6, registering a gain of 47.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.8%), Siemens (up 105.7%) and Bharat Electronics (up 103.1%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,195.5 .

The top losers among the BSE Sensex today are M&M (down 2.7%) and NTPC (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,455.7 (down 0.1%). M&M and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,195.5, registering a gain of 15,623.6 points (up 24.2%).

IGARASHI MOTORS Financial Update...

IGARASHI MOTORS net profit grew 472.2% YoY to Rs 82 million for the quarter ended June 2024, compared to a profit of Rs 14 million a year ago. Net sales rose 32.0% to Rs 2,221 million during the period as against Rs 1,683 million in April-June 2023.

For the year ended March 2024, IGARASHI MOTORS reported 82.8% increase in net profit to Rs 96 million compared to net profit of Rs 52 million during FY23. Revenue of the company grew 10.5% to Rs 7,250 million during FY24.

The current Price to earnings ratio of IGARASHI MOTORS, based on rolling 12 month earnings, stands at 137.4.

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