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| Bottomline surge fuels capital goods stocks | | | Deepak Korgaonkar / Mumbai August 5, 2005 | | | |
| Capital goods stocks have continued their upward march on the back of healthy growth in profits. During the quarter ended June 2005, twenty-one companies which comprise the capital goods index of the Bombay Stock Exchange, posted a whopping 60 per cent rise in net profit.
| | | | On the back of healthy growth in profits, the capital goods index on Thursday closed to a new lifetime high of 4326.71. The CG index was the biggest gainers among the all indices, up by 4.01 per cent (166.76 points). The BSE Sensex closed 7,797.08, up 40.61 points.
| | | The CG index has appreciated by 31 per cent since April 1, 2005 outperfomed the all indices including Sensex and S&P CNX Nifty. The BSE Sensex gained 18.05 per cent and Nifty gained 14.52 per cent since April 1, 2005.
| FULL STEAM AHEAD |
| |
Net profit (Rs crore) |
| Jun-04 |
Jun-05 |
%chg |
| BHEL |
23.47 |
127.87 |
444.82 |
| Esab India |
2.75 |
10.01 |
264.00 |
| BEML |
5.19 |
12.41 |
139.11 |
| Aban Loyd |
8.66 |
20.61 |
137.99 |
| Thermax |
5.60 |
13.28 |
137.14 |
| KSB Pumps |
5.90 |
11.90 |
101.69 |
| Nagarj Constr |
10.15 |
19.17 |
88.87 |
| Atlas Copco |
8.67 |
15.91 |
83.51 |
| Cromp Greaves |
17.53 |
31.25 |
78.27 |
| HCC |
13.21 |
22.66 |
71.54 |
| | | | The mid-cap index registered 23 per cent gain, while small-cap index was up 30 per cent, becoming the second biggest gainer since April 1.
| | | | The performance of over 100 companies for the quarter ended June 2005 shows a net profit growth rate of 60.3 per cent to Rs 917.55 crore compared with Rs 572.31 crore in the corresponding quarter of the previous year.
| | | | The net profit of BHEL (Rs 127.87 crore), BEML (Rs 12.41 crore), Aban Loyd Chiles (Rs 20.61 crore), Thermax (Rs 13.28 crore), Esab India (Rs 10.01 crore), Kirloskar Brothers (Rs 8.95 crore) and KSB Pumps (Rs11.90 crore) has increased by over 100 per cent each during the quarter.
| | | | The bottomlines of Crompton Greaves, Hindustan Constructions, Nagarjuna Constructions, Atlas Copco and Dredging Corporation increased in the range of 50 per cent to 100 per cent during.
| | | | Most frontline stocks such as BHEL, ABB, Crompton Greaves, Larsen and Toubro, Siemens, Alfa Laval, KSB Pumps, Greaves Cotton, SKF and Thermax are all trading at their lifetime high market price on the BSE.
| | | | Thermax reported a bottomline growth of 137 per cent to Rs 13.28 crore (Rs 5.60 crore). BHEL posted more than five-fold rise in net profit of Rs 127.87 crore (Rs 23.47 crore), while the scrip was up by 5.41 per cent to Rs 1,076.65 (Rs 1,021.35) on Thursday. | | |
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| - | The Sensex finally ended at 18,221 down 16 points and Nifty closed at 5479 down 6 points | | | - | Sensex losers : Jindal Steel, Jaiprakash Associates and Hindalco Industries | |
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