MARINE ELEC Stock Price Down 5% Today

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MARINE ELEC stock price has fallen by 5% and is currently trading at Rs 250.4.

Meanwhile, the BSE CAPITAL GOODS index stands at 71,849.2 (up 0.3%).

Among the top losers in the BSE CAPITAL GOODS index today were Carborundum Universal (down 3.2%) and Graphite India (down 1.9%).

AIA Engineering (up 2.2%) and BHEL (up 1.6%) are among the top gainers today.

Over the past year, MARINE ELEC has risen from Rs 34.2 to Rs 250.4, a gain of Rs 216.3 (up 633.3%).

The BSE CAPITAL GOODS index, on the other hand, rose from 41,608.8 to 71,849.2, a rise of 72.7% in the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during the same period were BHEL (up 215.4%), HINDUSTAN AERO. (up 153.0%) and Bharat Electronics (up 143.7%).

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What about the benchmark indices?

The BSE Sensex is at 80,494.2 (down 0.1%).

The biggest losers in the BSE Sensex today are Kotak Bank (down 2.7%) and Reliance Ind. (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

Meanwhile, NSE Nifty is at 24,502.4 (down 0.1%). Wipro and Reliance Ind. are among the top losers in NSE NIFTY.

The BSE Sensex has risen from 66,795.1 to 80,494.2 over the last 12 months, up 13,699.1 points (up 20.5%).

MARINE ELEC Financial update…

MARINE ELEC’s net profit grew 203.5% YoY to Rs 120 million for the quarter ended March 2024, compared to a profit of Rs 40 million a year ago. Net sales rose 65.7% to Rs 2,371 million during the period, compared to Rs 1,431 million in Jan-Mar 2023.

For the year ended March 2023, MARINE ELEC reported a 26.5% increase in net profit to Rs 168 million compared to a net profit of Rs 133 million in FY22. The company’s revenue grew 17.7% to Rs 4,429 million in FY23.

MARINE ELEC’s current price-earnings ratio, based on earnings over the last 12 months, is 129.7.

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