BAJAJ STEEL Gains 13%; BSE CAPITAL GOODS Index Up 0.4%
Wed, 4 Dec 15:20
Image source: peterschreiber.media/www.istockphoto.comBAJAJ STEEL share price has zoomed 13% and is presently trading at Rs 925.0.
Meanwhile, the BSE CAPITAL GOODS index is at 72,115.9 (up 0.4%).
Among the top gainers in the BSE CAPITAL GOODS index today are Graphite India (up 6.3%) and Finolex Cables (up 6.2%).
ADANI GREEN ENERGY (down 3.7%) and Thermax (down 1.8%) are among the top losers today.
Over the last one year, BAJAJ STEEL has moved up from Rs 275.9 to Rs 925.0, registering a gain of Rs 649.2 (up 235.3%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 52,224.5 to 72,115.9, registering a gain of 38.1% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 103.7%), Siemens (up 103.5%) and HINDUSTAN AERO. (up 79.4%).
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What About the Benchmark Indices?
The BSE Sensex is at 80,950.0 (up 0.1%).
The top gainers among the BSE Sensex today are HDFC Bank (up 1.8%) and NTPC (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..
In the meantime, NSE Nifty is at 24,476.7 (up 0.1%). HDFC LIFE INSURANCE and HDFC Bank are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 68,865.1 to 80,950.0, registering a gain of 12,084.9 points (up 17.5%).
BAJAJ STEEL Financial Update...
BAJAJ STEEL net profit grew 2.5% YoY to Rs 174 million for the quarter ended September 2024, compared to a profit of Rs 170 million a year ago. Net sales declined 0.6% to Rs 1,522 million during the period as against Rs 1,532 million in July-September 2023.
For the year ended March 2024, BAJAJ STEEL reported 12.6% decrease in net profit to Rs 590 million compared to net profit of Rs 675 million during FY23. Revenue of the company grew 0.3% to Rs 5,510 million during FY24.
The current Price to earnings ratio of BAJAJ STEEL, based on rolling 12 month earnings, stands at 22.6.
Indian Share Market Update: Top Gainers and Losers
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