AIA ENGINEERING Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.9%

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AIA ENGINEERING share price has zoomed 5% and is presently trading at Rs 2,206.

Meanwhile, the BSE CAPITAL GOODS Index is at 20,188 (up 0.9%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is AIA ENGINEERING (up 5.1%).

NBCC (INDIA) (down 0.2%) and HAVELLS INDIA (down 0.3%) are among the top losers today.

Over the last one year, AIA ENGINEERING has moved up from Rs 1,676 to Rs 2,206, registering a gain of Rs 530 (up 30.2%).

On the other hand, the BSE CAPITAL GOODS has moved up from 17,297 to 20,188, registering a gain of 2,891 points (up 16.4%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS INDIA (up 62.6%), HONEYWELL AUTOMATION (up 46.3%) and LAKSHMI MACHINE (up 37.9%).

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

What About the Benchmark Indices?

The BSE Sensex is at 49,874 (up 0.8%).

The top gainers among the BSE Sensex stocks today are MARUTI SUZUKI (up 2.9%), TECH MAHINDRA (up 2.5%) and M&M (up 2.1%). Other gainers include RELIANCE IND. (up 2.0%) and ASIAN PAINTS (up 1.9%). The most traded stocks in the BSE Sensex are TCS and ONGC.

In the meantime, NSE Nifty is at 14,666 (up 0.8%). The top gainers in the NSE Nifty include TATA MOTORS (up 6.3%), ADANI PORTS & SEZ (up 4.6%) and WIPRO (up 3.5%). Other gainers include MARUTI SUZUKI (up 2.7%) and TECH MAHINDRA (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,529 to 49,874, registering a gain of 8,345 points (up 19.94%).

AIA ENGINEERING Financial Update...

AIA ENGINEERING net profit down at Rs 1 billion for the quarter ended June 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 16.4% to Rs 5.8 billion during the period as against Rs 6.9 billion in April-June 2019.

For the year ended March 2019, AIA ENGINEERING reported 15.3% increase in net profit to Rs 5.1 billion compared to net profit of Rs 4.4 billion during FY18.

Revenue of the company grew 24.4% to Rs 31 billion during FY19.

The current Price to earnings ratio of AIA ENGINEERING, based on rolling 12 month earnings, stands at 35.5x.

This article (AIA ENGINEERING Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.9%) 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.

AIA ENGINEERING Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.9%