BALKRISHNA IND Plunges by 5%; BSE 500 Index Down 0.8%
February 8, 2019 03:06 PM

BALKRISHNA IND share price has plunged 5% and is presently trading at Rs 814.

Meanwhile, the BSE 500 Index is at 14,480 (down 0.8%).

Among the top losers in the BSE 500 Index today are BALKRISHNA IND (down 5.4%) and MRF LTD. (down 5.3%).

RELIANCE CAPITAL (up 8.6%) and RELIANCE POWER (up 6.5%) are among the top gainers today.

Over the last one year, BALKRISHNA IND has moved down from Rs 1,104 to Rs 814, registering a loss of Rs 290 (down 26.3%)..

The BSE 500 has moved down from 14,562 to 14,480, loss of 82 points (down 0.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORG. (up 90.7%), V-MART RETAIL (up 84.4%) and BATA INDIA (up 72.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,886 (down 0.7%). The top gainers among the BSE Sensex stocks today are KOTAK MAH. BANK (up 1.7%). The most traded stocks in the BSE Sensex are INFOSYS LTD and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 11,041 (down 0.9%). BHARTI INFRATEL (up 5.9%) and KOTAK MAH. BANK (up 1.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,083 to 36,886, registering a gain of 2,803 points (up 7.7%).

BALKRISHNA IND Financial Update...

BALKRISHNA IND net profit stood at Rs 2 billion for the quarter ended September 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 19.8% to Rs 13.3 billion during the period as against Rs 11.1 billion in July-September 2017.

For the year ended March 2018, BALKRISHNA IND reported 2.6% increase in net profit to Rs 7.4 billion compared to net profit of Rs 7.2 billion during FY17.

Revenue of the company grew 18.0% to Rs 45 billion during FY18.

The current Price to earnings ratio of BALKRISHNA IND, based on rolling 12 month earnings, stands at 17.5x.