Elecon Engineering share price has plunged 7% and is presently trading at Rs 1,279.4.
Meanwhile, the BSE CAPITAL GOODS index is at 75,062.0 (down 0.1%).
Among the top losers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (down 2.9%) and Finolex Cables (down 2.4%).
Carborundum Universal (up 5.1%) and BHEL (up 2.7%) are among the top gainers today.
Over the last one year, Elecon Engineering has moved up from Rs 615.1 to Rs 1,279.4, registering a gain of Rs 664.4 (up 108.0%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 40,532.4 to 75,062.0, registering a gain of 85.2% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 273.7%), HINDUSTAN AERO. (up 200.0%) and Bharat Electronics (up 169.8%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 79,794.6 (down 0.3%).
The top losers among the BSE Sensex today are Titan (down 3.8%) and MUNDRA PORT & SEZ (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.
In the meantime, NSE Nifty is at 24,269.2 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,794.6, registering a gain of 14,315.6 points (up 21.9%).
Elecon Engineering net profit grew 52.6% YoY to Rs 1,012 million for the quarter ended March 2024, compared to a profit of Rs 663 million a year ago. Net sales rose 33.0% to Rs 5,646 million during the period as against Rs 4,245 million in January-March 2023.
For the year ended March 2024, Elecon Engineering reported 49.7% increase in net profit to Rs 3,556 million compared to net profit of Rs 2,375 million during FY23. Revenue of the company grew 26.7% to Rs 19,374 million during FY24.
The current Price to earnings ratio of Elecon Engineering, based on rolling 12 month earnings, stands at 41.1.
Equitymaster requests your view! Post a comment on "Elecon Engineering Plunges 7%; BSE CAPITAL GOODS Index Down 0.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!