NLC INDIA LTD Surges by 5%; BSE POWER Index Down 0.2%
July 9, 2019 09:32 AM

NLC INDIA LTD share price has zoomed 5% and is presently trading at Rs 65.

Meanwhile, the BSE POWER Index is at 2,012 (down 0.2%).

Among the top Gainers in the BSE POWER Index today is NLC INDIA LTD (up 5.2%).

POWER GRID and GMR INFRA (down 0.2%) are among the top losers today.

Over the last one year, NLC INDIA LTD has moved down from Rs 75 to Rs 65, registering a loss of Rs 11 (down 14.0%).

On the other hand, the BSE POWER has moved up from 1,925 to 2,012, registering a gain of 87 points (up 4.3%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 272.5%), ADANI TRANSMISSION (up 37.6%) and TORRENT POWER LTD (up 27.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,754 (down 0.4%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 2.3%), SUN PHARMA (up 1.1%) and ONGC (up 1.0%). Other gainers include COAL INDIA (up 0.8%) and HERO MOTOCORP (up 0.8%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,534 (down 0.4%). IOC (up 4.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,935 to 38,754, registering a gain of 2,819 points (up 7.3%).

NLC INDIA LTD Financial Update...

NLC INDIA LTD net profit down at Rs 2 billion for the quarter ended March 2019, compared to a loss of Rs 3 billion a year ago. Net Sales rose 1.5% to Rs 19.0 billion during the period as against Rs 18.7 billion in January-March 2018.

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 24.3x.