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Indian Stock Market Updates March 19, 2020

BLUE STAR Plunges by 13%; BSE CAPITAL GOODS Index Down 4.4%
Thu, 19 Mar 09:38 AM

BLUE STAR share price has plunged 13% and is presently trading at Rs 625.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,925 (down 4.4%).

Among the top losers in the BSE CAPITAL GOODS Index today are BLUE STAR (down 13.3%) and SKF INDIA (down 11.8%).

Over the last one year, BLUE STAR has moved down from Rs 671 to Rs 625, registering a loss of Rs 46 (down 6.8%)..

The BSE CAPITAL GOODS has moved down from 18,256 to 11,925, loss of 6,331 points (down 34.7%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 11.8%) and SIEMENS (up 2.2%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.3%).

In the meantime, NSE Nifty is at 8,099 (down 6.2%). POWER GRID (up 2.1%) and NTPC (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 28.96%).

BLUE STAR Financial Update...

BLUE STAR net profit stood at Rs 195 million for the quarter ended December 2019, compared to a profit of Rs 132 million a year ago. Net Sales rose 12.5% to Rs 12.4 billion during the period as against Rs 11.0 billion in October-December 2018.

For the year ended March 2019, BLUE STAR reported 46.6% increase in net profit to Rs 2.1 billion compared to net profit of Rs 1.4 billion during FY18.

Revenue of the company grew 12.6% to Rs 52 billion during FY19.

The current Price to earnings ratio of BLUE STAR, based on rolling 12 month earnings, stands at 25.4x.