GREAVES COTTON Share Price Up by 5%; BSE CAPITAL GOODS Index Down 0.5%

Fri, 22 Jan 12:17 PM

GREAVES COTTON share price has zoomed 5% and is presently trading at Rs 96.

Meanwhile, the BSE CAPITAL GOODS Index is at 20,337 (down 0.5%).

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

BHARAT ELECTRONICS (down 0.3%) and SADBHAV ENGINEERING (down 0.3%) are among the top losers today.

Over the last one year, GREAVES COTTON has moved down from Rs 142 to Rs 96, registering a loss of Rs 46 (down 33.2%).

On the other hand, the BSE CAPITAL GOODS has moved up from 17,297 to 20,337, registering a gain of 3,040 points (up 16.3%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS INDIA (up 81.3%), HONEYWELL AUTOMATION (up 47.3%) and LAKSHMI MACHINE (up 37.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 49,677 (down 0.7%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 9.4%), HUL (up 1.6%) and M&M (up 0.8%). Other gainers include TCS (up 0.8%) and MARUTI SUZUKI (up 0.8%). The most traded stocks in the BSE Sensex are INDUSIND BANK and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 14,620 (down 0.6%). The top gainers in the NSE Nifty include BAJAJ AUTO (up 10.0%), HERO MOTOCORP (up 6.3%) and EICHER MOTOR (up 3.2%). Other gainers include TATA MOTORS (up 2.0%) and HUL (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,529 to 49,677, registering a gain of 8,148 points (up 18.60%).

GREAVES COTTON Financial Update...

GREAVES COTTON net profit down at Rs 100 million for the quarter ended March 2020, compared to a loss of Rs 540 million a year ago. Net Sales declined 27.3% to Rs 3.6 billion during the period as against Rs 4.9 billion in January-March 2019.

For the year ended March 2019, GREAVES COTTON reported 16.7% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.5 billion during FY18.

Revenue of the company grew 9.5% to Rs 20 billion during FY19.

The current Price to earnings ratio of GREAVES COTTON, based on rolling 12 month earnings, stands at 15.7x.

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