NESCO at All Time High; BSE CAPITAL GOODS Index Down 0.2%
January 20, 2020 03:06 PM

NESCO share price has hit an all-time high at Rs 746 (up 4.6%).

Meanwhile, the BSE CAPITAL GOODS Index is at 17,429 (down 0.2%).

Among the top gainers in the BSE CAPITAL GOODS Index today are NESCO (up 4.6%) and AIA ENGINEERING (up 0.1%).

ABB INDIA (down 0.1%) and THERMAX (down 0.5%) are among the top losers today.

Over the last one year, NESCO has moved up from Rs 450 to Rs 746, registering a gain of Rs 296 (up 65.3%).

The BSE CAPITAL GOODS has moved down from 17,958 to 17,429, loss of 529 points (down 3.6%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were SIEMENS (up 49.8%), HONEYWELL AUTOMATION (up 25.6%) and BHARAT ELECTRONICS (up 20.9%).

What About the Benchmark Indices?

The BSE Sensex is at 42,274 (down 0.9%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 3.7%), BHARTI AIRTEL (up 2.5%) and ASIAN PAINTS (up 1.1%). Other gainers include ITC (up 0.9%) and ICICI BANK (up 0.7%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and POWER GRID.

In the meantime, NSE Nifty is at 12,430 (down 0.9%). The top gainers in the NSE Nifty include POWER GRID (up 3.7%), BHARTI INFRATEL (up 2.2%) and BHARTI AIRTEL (up 2.1%). Other gainers include GAIL (up 1.5%) and ASIAN PAINTS (up 1.0%).

Over the last 12 months, the BSE Sensex has moved up from 36,374 to 42,274, registering a gain of 5,900 points (up 14.3%).

NESCO Financial Update...

NESCO net profit stood at Rs 740 million for the quarter ended September 2019, compared to a profit of Rs 420 million a year ago. Net Sales rose 36.3% to Rs 1.2 billion during the period as against Rs 885.0 million in July-September 2018.

For the year ended March 2019, NESCO reported 1.0% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.8 billion during FY18.

Revenue of the company grew 11.7% to Rs 4 billion during FY19.

The current Price to earnings ratio of NESCO, based on rolling 12 month earnings, stands at 25.5x.