BHEL Plunges by 5%; BSE CAPITAL GOODS Index Down 0.9%
May 22, 2020 01:35 PM

BHEL share price has plunged 5% and is presently trading at Rs 26.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,224 (down 0.9%).

Among the top losers in the BSE CAPITAL GOODS Index today is BHEL (down 5.1%).

SCHAEFFLER INDIA LTD (up 0.7%) and CARBORUNDUM UNIVERSAL (up 0.4%) are among the top gainers today.

Over the last one year, BHEL has moved down from Rs 63 to Rs 26, registering a loss of Rs 38 (down 59.7%)..

The BSE CAPITAL GOODS has moved down from 18,623 to 11,224, loss of 7,399 points (down 39.7%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 12.0%).

What About the Benchmark Indices?

The BSE Sensex is at 31,108 (down 1.4%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.6%). The most traded stocks in the BSE Sensex are M&M and INFOSYS.

In the meantime, NSE Nifty is at 9,150 (down 1.3%). BPCL (up 3.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,970 to 31,108, registering a loss of 7,862 points (down 21.73%).

BHEL Financial Update...

BHEL net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 22.6% to Rs 56.8 billion during the period as against Rs 73.4 billion in October-December 2018.

For the year ended March 2019, BHEL reported 44.1% increase in net profit to Rs 11.9 billion compared to net profit of Rs 8.3 billion during FY18.

Revenue of the company grew 5.3% to Rs 304 billion during FY19.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at 23.9x.