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TEGA INDUSTRIES Gains 7%; BSE CAPITAL GOODS Index Up 1.7%
Wed, 6 Nov 11:43

TEGA INDUSTRIES Gains 7%; BSE CAPITAL GOODS Index Up 1.7%Image source: alexsl/www.istockphoto.com

TEGA INDUSTRIES share price has zoomed 7% and is presently trading at Rs 2,179.9.

Meanwhile, the BSE CAPITAL GOODS index is at 69,807.4 (up 1.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 5.3%) and Bharat Electronics (up 3.9%).

TIMKEN INDIA (down 2.8%) and ABB (down 0.4%) are among the top losers today.

Over the last one year, TEGA INDUSTRIES has moved up from Rs 993.2 to Rs 2,179.9, registering a gain of Rs 1,186.8 (up 119.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 69,807.4, registering a gain of 48.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 126.0%), Bharat Electronics (up 116.1%) and Siemens (up 109.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,024.4 (up 0.7%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.6%) and TCS (up 3.5%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,381.8 (up 0.7%). TCS 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 80,024.4, registering a gain of 15,065.7 points (up 23.2%).

TEGA INDUSTRIES Financial Update...

TEGA INDUSTRIES net profit grew 73.5% YoY to Rs 356 million for the quarter ended June 2024, compared to a profit of Rs 205 million a year ago. Net sales rose 26.8% to Rs 3,400 million during the period as against Rs 2,681 million in April-June 2023.

For the year ended March 2024, TEGA INDUSTRIES reported 5.3% increase in net profit to Rs 1,939 million compared to net profit of Rs 1,840 million during FY23. Revenue of the company grew 23.0% to Rs 14,927 million during FY24.

The current Price to earnings ratio of TEGA INDUSTRIES, based on rolling 12 month earnings, stands at 70.9.


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