Greaves Cotton Gains 3%; BSE CAPITAL GOODS Index Down 1.4%
Mon, 13 Jan 9:25
Image source: Eoneren/www.istockphoto.comGreaves Cotton share price has zoomed 3% and is presently trading at Rs 248.5.
Meanwhile, the BSE CAPITAL GOODS index is at 63,359.1 (down 1.4%).
Among the top gainers in the BSE CAPITAL GOODS index today is Thermax (up 0.1%).
BHEL (down 3.5%) and GRINDWELL NORTON (down 3.0%) are among the top losers today.
Over the last one year, Greaves Cotton has moved up from Rs 152.8 to Rs 248.5, registering a gain of Rs 95.8 (up 62.7%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 56,561.9 to 63,359.1, registering a gain of 12.0% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 43.4%), Siemens (up 43.3%) and V GUARD IND. (up 33.7%).
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What About the Benchmark Indices?
The BSE Sensex is at 76,691.8 (down 0.9%).
The top losers among the BSE Sensex today are ZOMATO (down 3.1%) and Power Grid Corp. (down 2.3%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 23,241.7 (down 0.8%). IOC and Power Grid Corp. are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 71,386.2 to 76,691.8, registering a gain of 5,305.6 points (up 7.4%).
Greaves Cotton Financial Update...
Greaves Cotton net profit grew 96.2% YoY to Rs -143 million for the quarter ended September 2024, compared to a loss of Rs 3,746 million a year ago. Net sales declined 2.9% to Rs 7,053 million during the period as against Rs 7,267 million in July-September 2023.
For the year ended March 2024, Greaves Cotton reported 626.6% decrease in net profit to Rs -3,673 million compared to net profit of Rs 698 million during FY23. Revenue of the company fell 2.5% to Rs 26,332 million during FY24.
The current Price to earnings ratio of Greaves Cotton, based on rolling 12 month earnings, stands at 325.3.
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