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ION EXCHANGE Plunges 4%; BSE CAPITAL GOODS Index Down 0.1%
Tue, 2 Jul 13:14

ION EXCHANGE Plunges 4%; BSE CAPITAL GOODS Index Down 0.1%Image source: phive2015/www.istockphoto.com

ION EXCHANGE share price has plunged 4% and is presently trading at Rs 634.3.

Meanwhile, the BSE CAPITAL GOODS index is at 72,686.5 (down 0.1%).

Among the top losers in the BSE CAPITAL GOODS index today are BHEL (down 2.5%) and Siemens (down 2.3%).

V GUARD IND. (up 3.0%) and GRINDWELL NORTON (up 2.8%) are among the top gainers today.

Over the last one year, ION EXCHANGE has moved up from Rs 421.8 to Rs 634.3, registering a gain of Rs 212.5 (up 50.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,035.1 to 72,686.5, registering a gain of 81.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 246.0%), HINDUSTAN AERO. (up 186.0%) and Bharat Electronics (up 151.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,361.0 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,089.9 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,361.0, registering a gain of 15,445.6 points (up 24.2%).

ION EXCHANGE Financial Update...

ION EXCHANGE net profit fell 10.4% YoY to Rs 727 million for the quarter ended March 2024, compared to a profit of Rs 811 million a year ago. Net sales rose 20.7% to Rs 7,818 million during the period as against Rs 6,475 million in January-March 2023.

For the year ended March 2023, ION EXCHANGE reported 20.6% increase in net profit to Rs 1,950 million compared to net profit of Rs 1,617 million during FY22. Revenue of the company grew 26.2% to Rs 19,896 million during FY23.

The current Price to earnings ratio of ION EXCHANGE, based on rolling 12 month earnings, stands at 48.0.


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