Company updateBusiness Standard
BSE Capital Goods index slips 4%; Thermax, Apar, Astral tank up to 20%
GreyOak summary
The BSE Capital Goods index fell 4% as stocks of Thermax, Apar Industries, and Astral plunged up to 20% following disappointing Q2FY27 earnings. Thermax reported a 5% drop in profit after tax, while Astral saw EBITDA growth of only 1% year-on-year. Analysts noted weak order inflows and margin pressures, though FII buying supported broader market resilience.
What it affects
- Apar IndustriesAPARINDSNegative -1
Stock plunged 12% on weak earnings.Rolling sentiment Neutral +4
- ThermaxTHERMAXNegative -1
Stock plunged 20% on weak earnings.Rolling sentiment Negative -37
- AstralASTRALNegative -1
Stock plunged 12% on weak earnings.Rolling sentiment Negative -55
- Capital GoodsNegative -1
Index slipped 4% due to stock plunges.Rolling sentiment Positive +20
- BSENeutral 0
Index slipped 4% amid sector decline.Rolling sentiment Neutral +12
Source
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