BHEL Share Price Up by 6%; BSE CAPITAL GOODS Index Down 0.1%
March 4, 2021 01:20 PM

BHEL share price has zoomed 6% and is presently trading at Rs 54.

Meanwhile, the BSE CAPITAL GOODS Index is at 22,295 (down 0.1%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is BHEL (up 6.1%).

HINDUSTAN AERO. and V GUARD INDUSTRIES (down 1.6%) are among the top losers today.

Over the last one year, BHEL has moved up from Rs 30 to Rs 54, registering a gain of Rs 25 (up 83.4%).

On the other hand, the BSE CAPITAL GOODS has moved up from 15,292 to 22,295, registering a gain of 7,003 points (up 45.8%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 116.8%), BHARAT ELECTRONICS (up 111.0%) and LAKSHMI MACHINE (up 103.0%).

What About the Benchmark Indices?

The BSE Sensex is at 51,257 (down 0.4%).

The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 1.4%), ASIAN PAINTS (up 0.8%) and ULTRATECH CEMENT (up 0.8%). Other gainers include INDUSIND BANK (up 0.6%) and TITAN (up 0.6%). The most traded stocks in the BSE Sensex are INFOSYS and ITC.

In the meantime, NSE Nifty is at 15,202 (down 0.3%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 3.8%), WIPRO (up 1.7%) and GRASIM (up 1.7%). Other gainers include SBI LIFE INSURANCE (up 1.6%) and DR. REDDYS LAB (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,144 to 51,257, registering a gain of 13,113 points (up 34.32%).

BHEL Financial Update...

BHEL net profit down at Rs 2 billion for the quarter ended December 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 21.6% to Rs 44.5 billion during the period as against Rs 56.8 billion in October-December 2019.

For the year ended March 2020, BHEL reported 225.8% decrease in net profit to Rs 14.9 billion compared to net profit of Rs 11.9 billion during FY19.

Revenue of the company grew 29.4% to Rs 215 billion during FY20.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at down 5.9x.