VENKYS (I) LIMITED Surges by 10%; BSE 500 Index Up 1.8%

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VENKYS (I) LIMITED share price has zoomed 10% and is presently trading at Rs 1,809.

Meanwhile, the BSE 500 Index is at 15,401 (up 1.8%).

Among the top Gainers in the BSE 500 Index today are VENKYS (I) LIMITED (up 10.4%) and HEG (up 11.2%).

TCS (down 0.1%) and TORRENT POWER LTD (down 0.1%) are among the top losers today.

Over the last one year, VENKYS (I) LIMITED has moved down from Rs 3,157 to Rs 1,809, registering a loss of Rs 1,348 (down 42.8%).

On the other hand, the BSE 500 has moved up from 14,382 to 15,401, registering a gain of 1,019 points (up 7.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 131.8%), BALRAMPUR CHINI (up 124.6%) and DCM SHRIRAM (up 118.2%).

What About the Benchmark Indices?

The BSE Sensex is at 39,477 (up 1.6%).

The top gainers among the BSE Sensex stocks today are ICICI BANK (up 5.2%), VEDANTA LTD (up 4.5%) and L&T (up 4.5%). Other gainers include BHARTI AIRTEL (up 4.5%) and M&M (up 4.0%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,859 (up 1.6%). ICICI BANK (up 5.3%) and VEDANTA LTD (up 4.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,345 to 39,477, registering a gain of 5,132 points (up 14.8%).

VENKYS (I) LIMITED Financial Update…

VENKYS (I) LIMITED net profit down at Rs 299 million for the quarter ended March 2019, compared to a loss of Rs 677 million a year ago. Net Sales rose 2.1% to Rs 8.3 billion during the period as against Rs 8.1 billion in January-March 2018.

For the year ended March 2018, VENKYS (I) LIMITED reported 60.1% increase in net profit to Rs 2.0 billion compared to net profit of Rs 1.2 billion during FY17.

Revenue of the company grew 8.6% to Rs 27 billion during FY18.

The current Price to earnings ratio of VENKYS (I) LIMITED, based on rolling 12 month earnings, stands at 14.6x. p >

This article (VENKYS (I) LIMITED Surges by 10%; BSE 500 Index Up 1.8%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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