GE T&D INDIA Surges by 5%; BSE CAPITAL GOODS Index Up 0.7%
February 6, 2019 03:16 PM

GE T&D INDIA share price has zoomed 5% and is presently trading at Rs 297.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,233 (up 0.7%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is GE T&D INDIA (up 5.2%).

GRAPHITE INDIA (down 0.1%) and AIA ENGINEERING (down 0.4%) are among the top losers today.

Over the last one year, GE T&D INDIA has moved down from Rs 391 to Rs 297, registering a loss of Rs 94 (down 24.0%).

On the other hand, the BSE CAPITAL GOODS has moved down from 19,410 to 17,233, loss of 2,177 points (down 11.3%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 47.3%), AIA ENGINEERING (up 11.1%) and SKF INDIA (up 9.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,002 (up 1.0%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 4.0%), BAJAJ FINANCE (up 4.0%) and ONGC (up 2.3%). Other gainers include ICICI BANK (up 1.9%) and TCS (up 1.9%). The most traded stocks in the BSE Sensex are YES BANK and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,065 (up 1.2%). TECH MAHINDRA (up 8.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,757 to 37,002, registering a gain of 2,245 points (up 6.4%).

GE T&D INDIA Financial Update...

GE T&D INDIA net profit down at Rs 515 million for the quarter ended September 2018, compared to a loss of Rs 718 million a year ago. Net Sales declined 31.0% to Rs 9.9 billion during the period as against Rs 14.4 billion in July-September 2017.

For the year ended March 2018, GE T&D INDIA reported 340.9% decrease in net profit to Rs 2.1 billion compared to net loss of Rs 867.0 million during FY17.

Revenue of the company grew 3.0% to Rs 44 billion during FY18.

The current Price to earnings ratio of GE T&D INDIA, based on rolling 12 month earnings, stands at 32.6x.