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SALZER ELEC Gains 4%; BSE CAPITAL GOODS Index Up 0.4%
Tue, 2 Jul 15:53

SALZER ELEC Gains 4%; BSE CAPITAL GOODS Index Up 0.4%Image source: DNY59/www.istockphoto.com

SALZER ELEC share price has zoomed 4% and is presently trading at Rs 924.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,044.9 (up 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.3%) and L&T (up 2.7%).

Thermax (down 2.2%) and GMR Infra (down 1.8%) are among the top losers today.

Over the last one year, SALZER ELEC has moved up from Rs 357.9 to Rs 924.0, registering a gain of Rs 566.2 (up 158.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,035.1 to 73,044.9, registering a gain of 82.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 248.7%), HINDUSTAN AERO. (up 186.6%) and Bharat Electronics (up 153.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,441.5 .

The top losers among the BSE Sensex today are Kotak Bank (down 2.4%) and Bharti Airtel (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,117.8 (down 0.1%). Shriram Transport and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,441.5, registering a gain of 15,526.0 points (up 24.3%).

SALZER ELEC Financial Update...

SALZER ELEC net profit grew 35.2% YoY to Rs 133 million for the quarter ended March 2024, compared to a profit of Rs 98 million a year ago. Net sales rose 7.9% to Rs 3,266 million during the period as against Rs 3,027 million in January-March 2023.

For the year ended March 2023, SALZER ELEC reported 63.7% increase in net profit to Rs 396 million compared to net profit of Rs 242 million during FY22. Revenue of the company grew 29.1% to Rs 10,372 million during FY23.

The current Price to earnings ratio of SALZER ELEC, based on rolling 12 month earnings, stands at 34.7.

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