FINOLEX CABLES Share Price Up by 5%; BSE CAPITAL GOODS Index Up 2.1%

Tue, 13 Apr 03:34 PM

FINOLEX CABLES share price has zoomed 5% and is presently trading at Rs 379.

Meanwhile, the BSE CAPITAL GOODS Index is at 20,557 (up 2.1%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are FINOLEX CABLES (up 5.0%) and GRAPHITE INDIA (up 6.0%).

THERMAX (down 0.5%) and KALPATARU POWER (down 0.9%) are among the top losers today.

Over the last one year, FINOLEX CABLES has moved up from Rs 229 to Rs 379, registering a gain of Rs 150 (up 65.0%).

On the other hand, the BSE CAPITAL GOODS has moved up from 11,219 to 20,557, registering a gain of 9,338 points (up 82.9%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 281.4%), HEG (up 235.2%) and SADBHAV ENGINEERING (up 145.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 48,627 (up 1.5%).

The top gainers among the BSE Sensex stocks today are M&M (up 7.7%), BAJAJ FINSERV (up 6.3%) and BAJAJ FINANCE (up 4.7%). Other gainers include MARUTI SUZUKI (up 4.6%) and ONGC (up 4.3%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 14,529 (up 1.5%). The top gainers in the NSE Nifty include M&M (up 7.8%), BAJAJ FINSERV (up 6.6%) and TATA MOTORS (up 5.4%). Other gainers include BAJAJ FINANCE (up 4.9%) and MARUTI SUZUKI (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,160 to 48,627, registering a gain of 17,467 points (up 56.03%).

FINOLEX CABLES Financial Update...

FINOLEX CABLES net profit down at Rs 350 million for the quarter ended June 2020, compared to a loss of Rs 806 million a year ago. Net Sales declined 46.3% to Rs 3.8 billion during the period as against Rs 7.0 billion in April-June 2019.

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 16.2x.

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