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INOX WIND Gains 8%; BSE CAPITAL GOODS Index Up 0.6%
Thu, 4 Jul 9:36

INOX WIND Gains 8%; BSE CAPITAL GOODS Index Up 0.6%Image source: phive2015/www.istockphoto.com

INOX WIND share price has zoomed 8% and is presently trading at Rs 150.4.

Meanwhile, the BSE CAPITAL GOODS index is at 74,171.4 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 1.8%) and BHEL (up 1.3%).

V GUARD IND. (down 1.6%) and SKF India (down 1.3%) are among the top losers today.

Over the last one year, INOX WIND has moved up from Rs 40.5 to Rs 150.4, registering a gain of Rs 109.9 (up 271.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,540.3 to 74,171.4, registering a gain of 83.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 257.3%), HINDUSTAN AERO. (up 193.0%) and Bharat Electronics (up 156.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,247.1 (up 0.3%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.1%) and Infosys (up 1.5%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.

In the meantime, NSE Nifty is at 24,367.0 (up 0.3%). Tata Motors and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,247.1, registering a gain of 15,042.1 points (up 23.1%).

INOX WIND Financial Update...

INOX WIND net profit grew 131.6% YoY to Rs 377 million for the quarter ended March 2024, compared to a loss of Rs 1,193 million a year ago. Net sales rose 173.8% to Rs 5,277 million during the period as against Rs 1,928 million in January-March 2023.

For the year ended March 2023, INOX WIND reported 39.0% decrease in net profit to Rs -6,707 million compared to net loss of Rs 4,826 million during FY22. Revenue of the company grew 18.0% to Rs 7,370 million during FY23.

The current Price to earnings ratio of INOX WIND, based on rolling 12 month earnings, stands at -373.4.


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