LAKSHMI MACHINE Plunges by 5%; BSE CAPITAL GOODS Index Down 0.3%
July 30, 2019 03:12 PM

LAKSHMI MACHINE share price has plunged 5% and is presently trading at Rs 4,338.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,678 (down 0.3%).

Among the top losers in the BSE CAPITAL GOODS Index today are LAKSHMI MACHINE (down 5.5%) and HEG (down 7.6%).

BHARAT ELECTRONICS (up 6.9%) and SCHAEFFLER INDIA LTD (up 3.8%) are among the top gainers today.

Over the last one year, LAKSHMI MACHINE has moved down from Rs 7,689 to Rs 4,338, registering a loss of Rs 3,351 (down 43.6%)..

The BSE CAPITAL GOODS has moved down from 18,124 to 17,678, loss of 446 points (down 2.5%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were KALPATARU POWER (up 27.2%), HONEYWELL AUTOMATION (up 19.5%) and SIEMENS (up 19.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,950 (down 0.7%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.2%). The most traded stocks in the BSE Sensex are ITC and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 11,267 (down 1.0%). BHARTI AIRTEL (up 3.0%) and TCS (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,494 to 37,950, registering a gain of 456 points (up -0.2%).

LAKSHMI MACHINE Financial Update...

LAKSHMI MACHINE net profit down at Rs 141 million for the quarter ended June 2019, compared to a loss of Rs 624 million a year ago. Net Sales declined 30.2% to Rs 4.5 billion during the period as against Rs 6.5 billion in April-June 2018.

For the year ended March 2019, LAKSHMI MACHINE reported 1.8% increase in net profit to Rs 2.2 billion compared to net profit of Rs 2.2 billion during FY18.

Revenue of the company grew 2.6% to Rs 27 billion during FY19.

The current Price to earnings ratio of LAKSHMI MACHINE, based on rolling 12 month earnings, stands at 28.7x.