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BALU FORGE Gains 7%; BSE CAPITAL GOODS Index Up 1.2%
Wed, 6 Nov 10:6

BALU FORGE Gains 7%; BSE CAPITAL GOODS Index Up 1.2%Image source: asbe/www.istockphoto.com

BALU FORGE share price has zoomed 7% and is presently trading at Rs 782.2.

Meanwhile, the BSE CAPITAL GOODS index is at 69,490.3 (up 1.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 3.3%) and Bharat Electronics (up 2.2%).

AIA Engineering (down 1.6%) and TIMKEN INDIA (down 1.5%) are among the top losers today.

Over the last one year, BALU FORGE has moved up from Rs 238.7 to Rs 782.2, registering a gain of Rs 543.5 (up 227.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 69,490.3, registering a gain of 47.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 124.3%), Bharat Electronics (up 112.5%) and Siemens (up 110.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,982.6 (up 0.6%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.1%) and Infosys (up 2.9%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,401.2 (up 0.8%). Trent and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,982.6, registering a gain of 15,023.9 points (up 23.1%).

BALU FORGE Financial Update...

BALU FORGE net profit grew 106.9% YoY to Rs 481 million for the quarter ended September 2024, compared to a profit of Rs 233 million a year ago. Net sales rose 60.1% to Rs 2,229 million during the period as against Rs 1,392 million in July-September 2023.

For the year ended March 2024, BALU FORGE reported 140.7% increase in net profit to Rs 937 million compared to net profit of Rs 389 million during FY23. Revenue of the company grew 71.4% to Rs 5,599 million during FY24.

The current Price to earnings ratio of BALU FORGE, based on rolling 12 month earnings, stands at 62.9.

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