March 11, 2020 03:33 PM

FINOLEX CABLES share price has plunged 5% and is presently trading at Rs 307.

Meanwhile, the BSE CAPITAL GOODS Index is at 14,646 (up 0.4%).

Among the top losers in the BSE CAPITAL GOODS Index today are FINOLEX CABLES (down 5.1%) and NBCC (INDIA) LTD (down 5.2%).

SUZLON ENERGY (up 4.1%) and L&T (up 1.5%) are among the top gainers today.

Over the last one year, FINOLEX CABLES has moved down from Rs 453 to Rs 307, registering a loss of Rs 146 (down 32.2%)..

The BSE CAPITAL GOODS has moved down from 17,974 to 14,646, loss of 3,328 points (down 18.5%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 52.3%), SIEMENS (up 21.8%) and SOLAR INDUSTRIES (up 9.0%).

What About the Benchmark Indices?

The BSE Sensex is at 36,022 (up 0.1%). The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 4.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and HDFC BANK.

In the meantime, NSE Nifty is at 10,545 . YES BANK (up 36.7%) and ZEE ENTERTAINMENT (up 7.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,054 to 36,022, registering a loss of 1,032 points (down 3.7%).

FINOLEX CABLES Financial Update...

FINOLEX CABLES net profit stood at Rs 806 million for the quarter ended December 2019, compared to a profit of Rs 759 million a year ago. Net Sales declined 6.3% to Rs 7.0 billion during the period as against Rs 7.5 billion in October-December 2018.

For the year ended March 2018, FINOLEX CABLES reported 14.0% decrease in net profit to Rs 2.6 billion compared to net profit of Rs 3.0 billion during FY17.

Revenue of the company grew 8.0% to Rs 29 billion during FY18.

The current Price to earnings ratio of FINOLEX CABLES, based on rolling 12 month earnings, stands at 12.0x.