FINOLEX CABLES share price has plunged 13% and is presently trading at Rs 238.
Meanwhile, the BSE CAPITAL GOODS Index is at 11,925 (down 4.6%).
Among the top losers in the BSE CAPITAL GOODS Index today are FINOLEX CABLES (down 12.9%) and ELGI EQUIPMENTS (down 11.1%).
LAKSHMI MACHINE (up 2.7%) and HONEYWELL AUTOMATION are among the top gainers today.
Over the last one year, FINOLEX CABLES has moved down from Rs 491 to Rs 238, registering a loss of Rs 253 (down 51.5%)..
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 21.9%) and SIEMENS (up 7.6%).
Revealed: 3 Stocks for Potentially Massive Gains
The BSE Sensex is at 28,622 (down 2.9%). The top gainers among the BSE Sensex stocks today are ITC (up 4.2%). The most traded stocks in the BSE Sensex are ITC and POWER GRID.
In the meantime, NSE Nifty is at 8,391 (down 3.2%). ITC (up 3.6%) and POWER GRID (up 3.3%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 38,095 to 28,622, registering a loss of 9,473 points (down 26.39%).
FINOLEX CABLES net profit stood at Rs 806 million for the quarter ended December 2019, compared to a profit of Rs 759 million a year ago. Net Sales declined 6.3% to Rs 7.0 billion during the period as against Rs 7.5 billion in October-December 2018.
For the year ended March 2018, FINOLEX CABLES reported 14.0% decrease in net profit to Rs 2.6 billion compared to net profit of Rs 3.0 billion during FY17.
Revenue of the company grew 8.0% to Rs 29 billion during FY18.
The current Price to earnings ratio of FINOLEX CABLES, based on rolling 12 month earnings, stands at 8.5x. p >
What else is happening in the markets today? Dig in...
RAIN INDUSTRIES share price is trading down by 6% and its current market price is Rs 164. The BSE 500 is down by 2.6%. The top gainers in the BSE 500 Index are JUBILANT PHARMOVA (up 6.2%) and IPCA LABS (up 5.3%). The top losers are RAIN INDUSTRIES (down 5.8%) and BAJAJ FINANCE (down 5.1%).
Asian stock markets are trading on a cautious note today as investors wait to see if US earnings can justify sky-high valuations.
VOLTAS share price is trading down by 6% and its current market price is Rs 994. The BSE CONSUMER DURABLES is down by 4.0%. The top losers are VOLTAS (down 6.2%) and SYMPHONY (down 5.9%).
VA TECH WABAG share price is trading down by 7% and its current market price is Rs 254. The BSE CAPITAL GOODS is down by 3.7%. The top losers are VA TECH WABAG (down 6.9%) and HEG (down 7.8%).
SHRIRAM TRANSPORT share price is trading down by 8% and its current market price is Rs 1,412. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are GSK CONSUMER (up 5.1%) and JUBILANT PHARMOVA (up 5.0%). The top losers are SHRIRAM TRANSPORT (down 8.0%) and BAJAJ FINANCE (down 6.4%).
J&K BANK share price is trading down by 6% and its current market price is Rs 26. The BSE BANKEX is down by 4.3%. The top losers are J&K BANK (down 6.5%) and INDUSIND BANK (down 8.2%).
View More Indian Share Market NewsIn this video, I'll tell you why I am recommending caution in the market at this time.
A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.
In this video I'll show you exactly how I go about picking stocks for trading.
100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.
More
Equitymaster requests your view! Post a comment on "FINOLEX CABLES Plunges by 13%; BSE CAPITAL GOODS Index Down 4.6%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!