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SHILCHAR ELE Gains 4%; BSE CAPITAL GOODS Index Up 0.2%
Tue, 5 Nov 9:25

SHILCHAR ELE Gains 4%; BSE CAPITAL GOODS Index Up 0.2%Image source: phive2015/www.istockphoto.com

SHILCHAR ELE share price has zoomed 4% and is presently trading at Rs 7,900.2.

Meanwhile, the BSE CAPITAL GOODS index is at 68,671.9 (up 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 2.1%) and Bharat Forge (up 1.0%).

Honeywell Automation (down 1.8%) and SKF India (down 1.6%) are among the top losers today.

Over the last one year, SHILCHAR ELE has moved up from Rs 2,556.0 to Rs 7,900.2, registering a gain of Rs 5,344.2 (up 209.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,514.4 to 68,671.9, registering a gain of 50.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.3%), Bharat Electronics (up 113.5%) and Siemens (up 109.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,823.9 (up 0.1%).

The top gainers among the BSE Sensex today are JSW Steel (up 1.8%) and Tata Steel (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,023.9 (up 0.1%). JSW Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,823.9, registering a gain of 15,232.6 points (up 24.0%).

SHILCHAR ELE Financial Update...

SHILCHAR ELE net profit grew 34.2% YoY to Rs 327 million for the quarter ended September 2024, compared to a profit of Rs 244 million a year ago. Net sales rose 22.9% to Rs 1,306 million during the period as against Rs 1,063 million in July-September 2023.

For the year ended March 2024, SHILCHAR ELE reported 113.1% increase in net profit to Rs 919 million compared to net profit of Rs 431 million during FY23. Revenue of the company grew 41.6% to Rs 3,969 million during FY24.

The current Price to earnings ratio of SHILCHAR ELE, based on rolling 12 month earnings, stands at 55.9.


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