GREAVES COTTON Plunges by 10%; BSE CAPITAL GOODS Index Down 2.6%
March 18, 2020 01:22 PM

GREAVES COTTON share price has plunged 10% and is presently trading at Rs 102.

Meanwhile, the BSE CAPITAL GOODS Index is at 12,998 (down 2.6%).

Among the top losers in the BSE CAPITAL GOODS Index today is GREAVES COTTON (down 10.2%).

CG POWER & INDUSTRIAL (up 3.5%) and V GUARD INDUSTRIES (up 0.7%) are among the top gainers today.

Over the last one year, GREAVES COTTON has moved down from Rs 141 to Rs 102, registering a loss of Rs 39 (down 27.3%)..

The BSE CAPITAL GOODS has moved down from 18,256 to 12,998, loss of 5,258 points (down 28.8%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 25.8%) and SIEMENS (up 6.7%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 3.9%). The top gainers among the BSE Sensex stocks today are ITC (up 2.5%) and TCS (up 0.9%). The most traded stocks in the BSE Sensex are ITC and TCS.

In the meantime, NSE Nifty is at 9,128 (down 4.3%). ZEE ENTERTAINMENT (up 9.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 22.84%).

GREAVES COTTON Financial Update...

GREAVES COTTON net profit stood at Rs 540 million for the quarter ended December 2019, compared to a profit of Rs 427 million a year ago. Net Sales declined 2.3% to Rs 4.9 billion during the period as against Rs 5.1 billion in October-December 2018.

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 12.5x.