Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RITES Plunges 3%; BSE CAPITAL GOODS Index Down 2.3%
Tue, 23 Jul 14:40

RITES Plunges 3%; BSE CAPITAL GOODS Index Down 2.3%Image source: Kameleon007 /www.istockphoto.com

RITES share price has plunged 3% and is presently trading at Rs 703.0.

Meanwhile, the BSE CAPITAL GOODS index is at 71,027.3 (down 2.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Bharat Electronics (down 3.8%) and L&T (down 3.5%).

Lakshmi Machine (up 2.1%) and ADANI GREEN ENERGY (up 1.6%) are among the top gainers today.

Over the last one year, RITES has moved up from Rs 419.0 to Rs 703.0, registering a gain of Rs 284.0 (up 67.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,819.7 to 71,027.3, registering a gain of 69.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 222.4%), HINDUSTAN AERO. (up 150.7%) and Bharat Electronics (up 137.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,452.7 (down 0.1%).

The top losers among the BSE Sensex today are L&T (down 3.5%) and Bajaj Finance (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,494.4 (down 0.1%). L&T and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,097.4 to 80,452.7, registering a gain of 13,355.2 points (up 19.9%).

RITES Financial Update...

RITES net profit fell 3.5% YoY to Rs 1,343 million for the quarter ended March 2024, compared to a profit of Rs 1,392 million a year ago. Net sales declined 6.3% to Rs 6,433 million during the period as against Rs 6,868 million in January-March 2023.

For the year ended March 2023, RITES reported 6.0% increase in net profit to Rs 5,710 million compared to net profit of Rs 5,386 million during FY22. Revenue of the company fell 6.1% to Rs 22,557 million during FY23.

The current Price to earnings ratio of RITES, based on rolling 12 month earnings, stands at 34.5.

Archives


Equitymaster requests your view! Post a comment on "RITES Plunges 3%; BSE CAPITAL GOODS Index Down 2.3%". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.