NESCO Surges by 10%; BSE CAPITAL GOODS Index Up 4.6%
May 28, 2020 02:27 PM

NESCO share price has zoomed 10% and is presently trading at Rs 432.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,971 (up 4.6%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is NESCO (up 10.3%).

GRAPHITE INDIA (down 0.4%) and NBCC (INDIA) LTD (down 0.6%) are among the top losers today.

Over the last one year, NESCO has moved down from Rs 516 to Rs 432, registering a loss of Rs 84 (down 16.4%).

On the other hand, the BSE CAPITAL GOODS has moved down from 20,278 to 11,971, loss of 8,307 points (down 41.0%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 2.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,202 (up 1.6%).

The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 6.7%), L&T (up 5.6%) and INDUSIND BANK (up 4.4%). Other gainers include HDFC BANK (up 4.2%) and MARUTI SUZUKI (up 3.7%). The most traded stocks in the BSE Sensex are NTPC and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,491 (up 1.5%). The top gainers in the NSE Nifty include ZEE ENTERTAINMENT (up 13.1%), EICHER MOTOR (up 8.8%) and HERO MOTOCORP (up 6.5%). Other gainers include L&T (up 5.7%) and INDUSIND BANK (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,683 to 32,202, registering a loss of 7,481 points (down 19.06%).

NESCO Financial Update...

NESCO net profit down at Rs 529 million for the quarter ended March 2020, compared to a loss of Rs 691 million a year ago. Net Sales rose 2.3% to Rs 1.2 billion during the period as against Rs 1.2 billion in January-March 2019.

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 13.0x.