NESCO Surges by 10%; BSE CAPITAL GOODS Index Up 7.3%

Thu, 26 Mar 03:30 PM

NESCO share price has zoomed 10% and is presently trading at Rs 499.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,277 (up 7.3%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are NESCO (up 10.3%) and LAKSHMI MACHINE (up 10.7%).

FINOLEX CABLES (down 0.4%) and KALPATARU POWER (down 0.4%) are among the top losers today.

Over the last one year, NESCO has moved up from Rs 455 to Rs 499, registering a gain of Rs 44 (up 9.7%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,165 to 11,277, loss of 6,888 points (down 38.1%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 17.9%) and SIEMENS (up 3.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 30,100 (up 3.9%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 46.5%), L&T (up 9.8%) and BAJAJ FINANCE (up 8.8%). Other gainers include BHARTI AIRTEL (up 8.2%) and BAJAJ AUTO (up 8.0%). The most traded stocks in the BSE Sensex are L&T and SBI.

In the meantime, NSE Nifty is at 8,749 (up 3.9%). The top gainers in the NSE Nifty include INDUSIND BANK (up 47.0%), L&T (up 10.0%) and BAJAJ FINANCE (up 8.8%). Other gainers include BHARTI AIRTEL (up 7.8%) and BAJAJ AUTO (up 7.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 30,100, registering a loss of 7,709 points (down 21.59%).

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 15.1x.

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