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Everest Kanto Cylinder Gains 5%; BSE CAPITAL GOODS Index Down 0.1%
Tue, 16 Jul 9:32

Everest Kanto Cylinder Gains 5%; BSE CAPITAL GOODS Index Down 0.1%Image source: Chunumunu/www.istockphoto.com

Everest Kanto Cylinder share price has zoomed 5% and is presently trading at Rs 157.4.

Meanwhile, the BSE CAPITAL GOODS index is at 74,799.1 (down 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 2.9%) and ADANI GREEN ENERGY (up 2.7%).

HINDUSTAN AERO. (down 0.7%) and Honeywell Automation (down 0.7%) are among the top losers today.

Over the last one year, Everest Kanto Cylinder has moved up from Rs 119.7 to Rs 157.4, registering a gain of Rs 37.8 (up 31.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,312.2 to 74,799.1, registering a gain of 81.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 245.0%), HINDUSTAN AERO. (up 184.3%) and Bharat Electronics (up 159.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,777.1 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.2%) and Maruti Suzuki (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,777.1, registering a gain of 15,383.2 points (up 23.5%).

Everest Kanto Cylinder Financial Update...

Everest Kanto Cylinder net profit fell 63.8% YoY to Rs 131 million for the quarter ended March 2024, compared to a profit of Rs 363 million a year ago. Net sales rose 9.4% to Rs 3,258 million during the period as against Rs 2,979 million in January-March 2023.

For the year ended March 2023, Everest Kanto Cylinder reported 71.3% decrease in net profit to Rs 759 million compared to net profit of Rs 2,645 million during FY22. Revenue of the company fell 25.0% to Rs 12,745 million during FY23.

The current Price to earnings ratio of Everest Kanto Cylinder, based on rolling 12 month earnings, stands at 18.1.


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