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ION EXCHANGE Gains 7%; BSE CAPITAL GOODS Index Up 0.8%
Wed, 24 Jul 9:48

ION EXCHANGE Gains 7%; BSE CAPITAL GOODS Index Up 0.8%Image source: peterschreiber.media/www.istockphoto.com

ION EXCHANGE share price has zoomed 7% and is presently trading at Rs 657.0.

Meanwhile, the BSE CAPITAL GOODS index is at 71,782.5 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 4.3%) and TIMKEN INDIA (up 2.9%).

Lakshmi Machine (down 1.2%) and Thermax (down 0.8%) are among the top losers today.

Over the last one year, ION EXCHANGE has moved up from Rs 570.2 to Rs 657.0, registering a gain of Rs 86.8 (up 15.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 42,734.2 to 71,782.5, registering a gain of 68.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 215.8%), HINDUSTAN AERO. (up 154.2%) and Bharat Electronics (up 141.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,217.5 (down 0.3%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 3.0%) and Bajaj Finance (down 2.3%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,409.1 (down 0.3%). Hindustan Unilever and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,217.5, registering a gain of 13,832.7 points (up 20.8%).

ION EXCHANGE Financial Update...

ION EXCHANGE net profit fell 10.4% YoY to Rs 727 million for the quarter ended March 2024, compared to a profit of Rs 811 million a year ago. Net sales rose 20.7% to Rs 7,818 million during the period as against Rs 6,475 million in January-March 2023.

For the year ended March 2023, ION EXCHANGE reported 20.6% increase in net profit to Rs 1,950 million compared to net profit of Rs 1,617 million during FY22. Revenue of the company grew 26.2% to Rs 19,896 million during FY23.

The current Price to earnings ratio of ION EXCHANGE, based on rolling 12 month earnings, stands at 49.7.


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