HEG LTD Plunges by 5%; BSE CAPITAL GOODS Index Up 0.1%

HEG LTD share price has plunged 5% and is presently trading at Rs 4,240.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,299 (up 0.1%).

Among the top losers in the BSE CAPITAL GOODS Index today is HEG LTD (down 5.4%).

RELIANCE NAVAL & ENGINEERING LTD (up 3.5%) and VA TECH WABAG (up 2.3%) are among the top gainers today.

Over the last one year, HEG LTD has moved up from Rs 486 to Rs 4,240, registering a gain of Rs 3,754 (up 772.8%)..

The BSE CAPITAL GOODS has moved up from 17,776 to 18,299, registering a gain of 523 points (up 2.9%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 310.2%), HAVELLS IND (up 36.9%) and THERMAX LTD (up 27.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,756 (up 0.2%). The top gainers among the BSE Sensex stocks today are COAL INDIA (up 1.7%), VEDANTA LTD (up 0.9%) and M&M (up 0.9%). Other gainers include ADANI PORTS & SEZ (up 0.9%) and YES BANK (up 0.9%). The most traded stocks in the BSE Sensex are INDUSIND BANK and AXIS BANK.

In the meantime, NSE Nifty is at 11,412 (up 0.2%). HINDALCO (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,274 to 37,756, registering a gain of 5,482 points (up 17.0%).

HEG LTD Financial Update...

HEG LTD net profit stood at Rs 8 billion for the quarter ended June 2018, compared to a profit of Rs 3 billion a year ago. Net Sales rose 88.4% to Rs 15.9 billion during the period as against Rs 8.4 billion in April-June 2017.

The current Price to earnings ratio of HEG LTD, based on rolling 12 month earnings, stands at 8.5x.

This article was originally published in English at www.equitymaster.com

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