HEG Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.8%
December 14, 2020 12:04 PM

HEG share price has zoomed 5% and is presently trading at Rs 885.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,964 (up 0.8%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are HEG (up 5.3%) and GRAPHITE INDIA (up 6.0%).

CARBORUNDUM UNIVERSAL (down 0.1%) and HAVELLS IND (down 0.4%) are among the top losers today.

Over the last one year, HEG has moved down from Rs 1,022 to Rs 885, registering a loss of Rs 137 (down 13.4%).

On the other hand, the BSE CAPITAL GOODS has moved up from 16,696 to 17,964, registering a gain of 1,268 points (up 7.3%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were LAKSHMI MACHINE (up 41.1%), HAVELLS IND (up 27.2%) and HONEYWELL AUTOMATION (up 22.9%).

What About the Benchmark Indices?

The BSE Sensex is at 46,373 .

The top gainers among the BSE Sensex stocks today are ONGC (up 3.0%), L&T (up 2.2%) and NTPC (up 2.1%). Other gainers include TATA STEEL (up 1.5%) and ICICI BANK (up 1.4%). The most traded stocks in the BSE Sensex are ONGC and NTPC.

In the meantime, NSE Nifty is at 13,598 . The top gainers in the NSE Nifty include CIPLA (up 3.6%), COAL INDIA (up 3.2%) and ONGC (up 2.9%). Other gainers include IOC (up 2.2%) and L&T (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,240 to 46,373, registering a gain of 6,133 points (up 14.59%).

HEG Financial Update...

HEG net profit stood at Rs 108 million for the quarter ended June 2020, compared to a profit of Rs 59 million a year ago. Net Sales declined 40.7% to Rs 2.3 billion during the period as against Rs 3.9 billion in April-June 2019.

For the year ended March 2019, HEG reported 182.1% increase in net profit to Rs 30.5 billion compared to net profit of Rs 10.8 billion during FY18.

Revenue of the company grew 139.0% to Rs 66 billion during FY19.

The current Price to earnings ratio of HEG, based on rolling 12 month earnings, stands at down 20.0x.