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NELCO Gains 5%; BSE CAPITAL GOODS Index Up 0.6%
Tue, 30 Jul 9:46

NELCO Gains 5%; BSE CAPITAL GOODS Index Up 0.6%Image source: phive2015/www.istockphoto.com

NELCO share price has zoomed 5% and is presently trading at Rs 902.8.

Meanwhile, the BSE CAPITAL GOODS index is at 75,856.0 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.2%) and V GUARD IND. (up 1.8%).

Carborundum Universal (down 0.6%) and Bharat Forge (down 0.6%) are among the top losers today.

Over the last one year, NELCO has moved up from Rs 785.7 to Rs 902.8, registering a gain of Rs 117.1 (up 14.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,132.9 to 75,856.0, registering a gain of 75.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 221.2%), HINDUSTAN AERO. (up 161.7%) and Bharat Electronics (up 156.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,407.3 (up 0.1%).

The top gainers among the BSE Sensex today are NTPC (up 4.3%) and Power Grid Corp. (up 4.0%). The most traded stocks in the BSE Sensex are Power Grid Corp. and NTPC.

In the meantime, NSE Nifty is at 24,883.3 (up 0.2%). Power Grid Corp. and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,407.3, registering a gain of 14,700.1 points (up 22.0%).

NELCO Financial Update...

NELCO net profit fell 21.3% YoY to Rs 45 million for the quarter ended June 2024, compared to a profit of Rs 57 million a year ago. Net sales declined 6.0% to Rs 741 million during the period as against Rs 788 million in April-June 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 93.7.

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