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NLC India Gains 4%; BSE POWER Index Up 1.0%
Thu, 24 Oct 11:5

NLC India Gains 4%; BSE POWER Index Up 1.0%Image source: StarLineArts/www.istockphoto.com

NLC India share price has zoomed 4% and is presently trading at Rs 253.4.

Meanwhile, the BSE POWER index is at 7,948.3 (up 1.0%).

Among the top gainers in the BSE POWER index today are NHPC (up 3.6%) and ADANI POWER (up 3.2%).

ADANI GREEN ENERGY (down 0.8%) and ADANI ENERGY SOLUTIONS (down 0.7%) are among the top losers today.

Over the last one year, NLC India has moved up from Rs 128.1 to Rs 253.4, registering a gain of Rs 125.3 (up 97.8%).

On the other hand, the BSE POWER index has moved up from 4,351.9 to 7,948.3, registering a gain of 82.6% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 174.7%), Siemens (up 100.1%) and ABB (up 97.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,039.8 (down 0.1%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 6.2%) and Nestle (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,409.1 (down 0.1%). Hindustan Unilever and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,039.8, registering a gain of 15,467.9 points (up 24.0%).

NLC India Financial Update...

NLC India net profit grew 37.0% YoY to Rs 5,666 million for the quarter ended June 2024, compared to a profit of Rs 4,136 million a year ago. Net sales rose 1.8% to Rs 33,761 million during the period as against Rs 33,165 million in April-June 2023.

For the year ended March 2024, NLC India reported 31.0% increase in net profit to Rs 18,673 million compared to net profit of Rs 14,251 million during FY23. Revenue of the company fell 19.6% to Rs 129,990 million during FY24.

The current Price to earnings ratio of NLC India, based on rolling 12 month earnings, stands at 17.4.


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