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EUREKA FORBES Gains 5%; BSE CONSUMER DURABLES Index Down 0.2%
Thu, 27 Jun 11:37

EUREKA FORBES Gains 5%; BSE CONSUMER DURABLES Index Down 0.2%Image source: peterschreiber.media/www.istockphoto.com

EUREKA FORBES share price has zoomed 5% and is presently trading at Rs 481.8.

Meanwhile, the BSE CONSUMER DURABLES index is at 58,637.7 (down 0.2%).

Among the top gainers in the BSE CONSUMER DURABLES index today are WHIRLPOOL OF INDIA (up 9.8%) and ORIENT ELECTRIC (up 2.9%).

CROMPTON GREAVES CONSUMER ELEC. (down 1.1%) and RAJESH EXPORTS (down 0.1%) are among the top losers today.

Over the last one year, EUREKA FORBES has moved down from Rs 556.6 to Rs 481.8, registering a loss of Rs 74.7 (down 13.4%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,324.6 to 58,637.7, registering a gain of 38.5% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 159.3%), Blue Star (up 110.7%) and Voltas (up 98.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,895.0 (up 0.3%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 2.8%) and JSW Steel (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and M&M.

In the meantime, NSE Nifty is at 23,919.1 (up 0.2%). Ultratech Cement and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,895.0, registering a gain of 15,925.0 points (up 25.3%).

EUREKA FORBES Financial Update...

EUREKA FORBES net profit grew 3.9% YoY to Rs 214 million for the quarter ended March 2024, compared to a profit of Rs 206 million a year ago. Net sales rose 8.8% to Rs 5,536 million during the period as against Rs 5,086 million in January-March 2023.

For the year ended March 2023, EUREKA FORBES reported 912.2% increase in net profit to Rs 265 million compared to net profit of Rs 26 million during FY22. Revenue of the company grew 446.0% to Rs 20,845 million during FY23.

The current Price to earnings ratio of EUREKA FORBES, based on rolling 12 month earnings, stands at 97.5.


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