GRINDWELL NORTON Share Price Up by 6%; BSE CAPITAL GOODS Index Up 2.6%
January 19, 2021 03:34 PM

GRINDWELL NORTON share price has zoomed 6% and is presently trading at Rs 738.

Meanwhile, the BSE CAPITAL GOODS Index is at 19,974 (up 2.6%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is GRINDWELL NORTON (up 5.9%).

SKF INDIA (down 0.2%) is among the top loser today.

Over the last one year, GRINDWELL NORTON has moved up from Rs 603 to Rs 738, registering a gain of Rs 135 (up 22.4%).

On the other hand, the BSE CAPITAL GOODS has moved up from 17,389 to 19,974, registering a gain of 2,585 points (up 14.6%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS INDIA (up 59.1%), HONEYWELL AUTOMATION (up 45.4%) and LAKSHMI MACHINE (up 36.2%).

What About the Benchmark Indices?

The BSE Sensex is at 49,500 (up 1.6%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINSERV (up 6.7%), BAJAJ FINANCE (up 5.2%) and HDFC (up 3.1%). Other gainers include SUN PHARMA (up 2.8%) and ICICI BANK (up 2.6%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 14,546 (up 1.7%). The top gainers in the NSE Nifty include BAJAJ FINSERV (up 6.8%), BAJAJ FINANCE (up 5.3%) and TATA MOTORS (up 5.2%). Other gainers include SUN PHARMA (up 3.6%) and HINDALCO (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,873 to 49,500, registering a gain of 7,627 points (up 17.88%).

GRINDWELL NORTON Financial Update...

GRINDWELL NORTON net profit down at Rs 282 million for the quarter ended June 2020, compared to a loss of Rs 470 million a year ago. Net Sales declined 43.3% to Rs 2.3 billion during the period as against Rs 4.1 billion in April-June 2019.

For the year ended March 2019, GRINDWELL NORTON reported 11.8% increase in net profit to Rs 1.7 billion compared to net profit of Rs 1.5 billion during FY18.

Revenue of the company grew 9.9% to Rs 16 billion during FY19.

The current Price to earnings ratio of GRINDWELL NORTON, based on rolling 12 month earnings, stands at 48.3x.