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NELCO Gains 6%; BSE CAPITAL GOODS Index Up 0.2%
Thu, 4 Jul 11:12

NELCO Gains 6%; BSE CAPITAL GOODS Index Up 0.2%Image source: alexsl/www.istockphoto.com

NELCO share price has zoomed 6% and is presently trading at Rs 841.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,931.7 (up 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are Honeywell Automation (up 0.9%) and GRINDWELL NORTON (up 0.8%).

Finolex Cables (down 0.6%) and TIMKEN INDIA (down 0.5%) are among the top losers today.

Over the last one year, NELCO has moved up from Rs 729.9 to Rs 841.0, registering a gain of Rs 111.2 (up 15.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,540.3 to 73,931.7, registering a gain of 82.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 253.4%), HINDUSTAN AERO. (up 191.7%) and Bharat Electronics (up 155.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,168.0 (up 0.2%).

The top gainers among the BSE Sensex today are HCl Tech. (up 2.7%) and ICICI Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Motors and HDFC Bank.

In the meantime, NSE Nifty is at 24,339.0 (up 0.2%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,168.0, registering a gain of 14,963.0 points (up 22.9%).

NELCO Financial Update...

NELCO net profit grew 5.1% YoY to Rs 60 million for the quarter ended March 2024, compared to a profit of Rs 57 million a year ago. Net sales declined 0.5% to Rs 816 million during the period as against Rs 820 million in January-March 2023.

For the year ended March 2024, NELCO reported 19.2% increase in net profit to Rs 237 million compared to net profit of Rs 199 million during FY23. Revenue of the company grew 2.2% to Rs 3,203 million during FY24.

The current Price to earnings ratio of NELCO, based on rolling 12 month earnings, stands at 82.7.

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