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Elgi Equipments Gains 8%; BSE CAPITAL GOODS Index Up 3.5%
Mon, 25 Nov 10:39

Elgi Equipments Gains 8%; BSE CAPITAL GOODS Index Up 3.5%Image source: alexsl/www.istockphoto.com

Elgi Equipments share price has zoomed 8% and is presently trading at Rs 600.7.

Meanwhile, the BSE CAPITAL GOODS index is at 69,773.3 (up 3.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 5.3%) and Siemens (up 4.8%).

Thermax (down 1.2%) is among the top losers today.

Over the last one year, Elgi Equipments has moved up from Rs 517.3 to Rs 600.7, registering a gain of Rs 83.4 (up 16.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,608.7 to 69,773.3, registering a gain of 43.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 106.8%), Siemens (up 100.0%) and HINDUSTAN AERO. (up 99.3%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,391.8 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 4.0%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.

In the meantime, NSE Nifty is at 24,320.0 (up 1.7%). Bharat Electronics and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,391.8, registering a gain of 14,461.1 points (up 21.9%).

Elgi Equipments Financial Update...

Elgi Equipments net profit grew 2.3% YoY to Rs 925 million for the quarter ended September 2024, compared to a profit of Rs 904 million a year ago. Net sales rose 7.8% to Rs 8,689 million during the period as against Rs 8,061 million in July-September 2023.

For the year ended March 2024, Elgi Equipments reported 15.9% decrease in net profit to Rs 3,119 million compared to net profit of Rs 3,708 million during FY23. Revenue of the company grew 5.8% to Rs 32,178 million during FY24.

The current Price to earnings ratio of Elgi Equipments, based on rolling 12 month earnings, stands at 58.8.


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