NLC INDIA LTD Surges by 5%; BSE POWER Index Up 2.8%
May 27, 2019 03:24 PM

NLC INDIA LTD share price has zoomed 5% and is presently trading at Rs 70.

Meanwhile, the BSE POWER Index is at 2,021 (up 2.8%).

Among the top Gainers in the BSE POWER Index today are NLC INDIA LTD (up 5.0%) and ABB INDIA (up 7.4%).

CG POWER & INDUSTRIAL (down 2.8%) is among the top loser today.

Over the last one year, NLC INDIA LTD has moved down from Rs 81 to Rs 70, registering a loss of Rs 11 (down 13.8%).

On the other hand, the BSE POWER has moved down from 2,080 to 2,021, loss of 59 points (down 3.1%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 160.7%), ADANI TRANSMISSION (up 79.7%) and ABB INDIA (up 37.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,822 (up 0.6%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.8%), YES BANK (up 3.8%) and L&T (up 3.2%). Other gainers include NTPC (up 3.1%) and AXIS BANK (up 2.2%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,957 (up 0.6%). YES BANK (up 4.0%) and L&T (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,663 to 39,822, registering a gain of 5,159 points (up 14.4%).

NLC INDIA LTD Financial Update...

NLC INDIA LTD net profit down at Rs 3 billion for the quarter ended December 2018, compared to a loss of Rs 5 billion a year ago. Net Sales rose 9.8% to Rs 18.7 billion during the period as against Rs 17.1 billion in October-December 2017.

For the year ended March 2018, NLC INDIA LTD reported 44.6% decrease in net profit to Rs 19.5 billion compared to net profit of Rs 35.1 billion during FY17.

Revenue of the company grew 0.9% to Rs 113 billion during FY18.

The current Price to earnings ratio of NLC INDIA LTD, based on rolling 12 month earnings, stands at 10.9x.