NESCO Surges by 5%; BSE CAPITAL GOODS Index Down 2.2%

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NESCO Surges by 5%; BSE CAPITAL GOODS Index Down 2.2%
Tue, 24 Mar 09:49 AM

NESCO share price has zoomed 5% and is presently trading at Rs 446.

Meanwhile, the BSE CAPITAL GOODS Index is at 10,322 (down 2.2%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are NESCO (up 5.4%) and HONEYWELL AUTOMATION (up 5.5%).

FINOLEX CABLES (down 0.4%) and HAVELLS IND (down 0.8%) are among the top losers today.

Over the last one year, NESCO has moved down from Rs 455 to Rs 446, registering a loss of Rs 9 (down 6.5%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,165 to 10,322, loss of 7,843 points (down 46.2%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were [param_historic_top3].

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 0.9%).

The top gainers among the BSE Sensex stocks today are INFOSYS (up 7.3%), HUL (up 5.6%) and HCL TECHNOLOGIES (up 5.0%). Other gainers include TECH MAHINDRA (up 4.4%) and MARUTI SUZUKI (up 3.3%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 0.8%). The top gainers in the NSE Nifty include INFOSYS (up 7.4%), HUL (up 6.0%) and ADANI PORTS & SEZ (up 5.7%). Other gainers include TECH MAHINDRA (up 5.5%) and CIPLA (up 4.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 30.67%).

NESCO Financial Update...

NESCO net profit stood at Rs 691 million for the quarter ended December 2019, compared to a profit of Rs 420 million a year ago. Net Sales rose 30.0% to Rs 1.2 billion during the period as against Rs 885.0 million in October-December 2018.

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 12.9x.

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