GE POWER INDIA LTD Surges by 11%; BSE CAPITAL GOODS Index Down 0.3%

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GE POWER INDIA LTD Surges by 11%; BSE CAPITAL GOODS Index Down 0.3%
Fri, 23 Aug 03:14 PM

GE POWER INDIA LTD share price has zoomed 11% and is presently trading at Rs 822.

Meanwhile, the BSE CAPITAL GOODS Index is at 16,531 (down 0.3%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is GE POWER INDIA LTD (up 10.7%).

ELGI EQUIPMENTS (down 0.1%) and THERMAX (down 0.2%) are among the top losers today.

Over the last one year, GE POWER INDIA LTD has moved up from Rs 779 to Rs 822, registering a gain of Rs 43 (up 5.0%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,761 to 16,531, loss of 2,230 points (down 12.5%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were KALPATARU POWER (up 23.7%), SIEMENS (up 10.5%) and SKF INDIA (up 5.3%).

What About the Benchmark Indices?

The BSE Sensex is at 36,807 (up 0.6%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 6.5%), YES BANK (up 5.1%) and ONGC (up 4.6%). Other gainers include COAL INDIA (up 4.3%) and M&M (up 3.8%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,863 (up 0.8%). ZEE ENTERTAINMENT (up 6.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,337 to 36,807, registering a gain of -1,530 points (up -4.3%).

GE POWER INDIA LTD Financial Update...

GE POWER INDIA LTD net profit down at Rs 87 million for the quarter ended June 2019, compared to a loss of Rs 411 million a year ago. Net Sales declined 22.3% to Rs 4.3 billion during the period as against Rs 5.5 billion in April-June 2018.

For the year ended March 2018, GE POWER INDIA LTD reported 243.1% increase in net profit to Rs 1.7 billion compared to net profit of Rs 493.0 million during FY17.

Revenue of the company grew 34.2% to Rs 13 billion during FY18.

The current Price to earnings ratio of GE POWER INDIA LTD, based on rolling 12 month earnings, stands at 84.8x.

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