LAKSHMI MACHINE Plunges by 5%; BSE CAPITAL GOODS Index Down 0.1%
July 31, 2019 09:32 AM

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

Meanwhile, the BSE CAPITAL GOODS Index is at 17,449 (down 0.1%).

Among the top losers in the BSE CAPITAL GOODS Index today is LAKSHMI MACHINE (down 5.5%).

SCHAEFFLER INDIA LTD (up 3.8%) and L&T (up 0.2%) 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 17,449, loss of 675 points (down 3.7%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were KALPATARU POWER (up 25.1%), SIEMENS (up 18.4%) and HONEYWELL AUTOMATION (up 18.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,276 (down 0.5%). The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 1.7%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,048 (down 0.6%). BHARTI AIRTEL (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,494 to 37,276, registering a gain of -218 points (up -0.7%).

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.