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AZAD ENGINEERING LTD. Gains 3%; BSE CAPITAL GOODS Index Up 0.2%
Thu, 27 Jun 9:48

AZAD ENGINEERING LTD. Gains 3%; BSE CAPITAL GOODS Index Up 0.2%Image source: Nikada/www.istockphoto.com

AZAD ENGINEERING LTD. share price has zoomed 3% and is presently trading at Rs 1,937.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,809.9 (up 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.3%) and GMR Infra (up 2.0%).

TIMKEN INDIA (down 1.2%) and Finolex Cables (down 1.0%) are among the top losers today.

Over the last one year, AZAD ENGINEERING LTD. has moved up from Rs 0.0 to Rs 1,937.0, registering a gain of Rs 1,937.0 .

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,563.3 to 72,809.9, registering a gain of 84.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 257.4%), HINDUSTAN AERO. (up 185.3%) and Bharat Electronics (up 151.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,626.1 (down 0.1%).

The top losers among the BSE Sensex today are M&M (down 1.7%) and Tech Mahindra (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,857.4 (down 0.1%). M&M and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,626.1, registering a gain of 15,656.1 points (up 24.9%).

AZAD ENGINEERING LTD. Financial Update...

AZAD ENGINEERING LTD. net profit fell {profitpercent} YoY to Rs 149 million for the quarter ended March 2024, compared to a profit of Rs {profitnumberprev} million a year ago. Net sales declined {salespercent} to Rs 928 million during the period as against Rs {salesnumberprev} million in {quarterprev}.

For the year ended March 2023, AZAD ENGINEERING LTD. reported 71.2% decrease in net profit to Rs 85 million compared to net profit of Rs 295 million during FY22. Revenue of the company grew 29.4% to Rs 2,517 million during FY23.


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