GARWARE TECHNICAL Surges by 17%; BSE 500 Index Up 1.4%

Wed, 25 Mar 12:09 PM

GARWARE TECHNICAL share price has zoomed 17% and is presently trading at Rs 1,113.

Meanwhile, the BSE 500 Index is at 10,283 (up 1.4%).

Among the top Gainers in the BSE 500 Index today are GARWARE TECHNICAL (up 17.4%) and METROPOLIS HEALTHCARE (up 15.6%).

JUST DIAL and TVS MOTORS (down 0.1%) are among the top losers today.

Over the last one year, GARWARE TECHNICAL has moved down from Rs 1,120 to Rs 1,113, registering a loss of Rs 7 (down 0.7%).

On the other hand, the BSE 500 has moved down from 14,917 to 10,283, loss of 4,634 points (down 31.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 307.3%), ABBOTT INDIA (up 92.7%) and NAVIN FLUORINE (up 56.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 27,299 (up 1.5%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 8.1%), MARUTI SUZUKI (up 7.9%) and AXIS BANK (up 5.4%). Other gainers include NESTLE (up 4.4%) and HUL (up 4.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and KOTAK MAHINDRA BANK.

In the meantime, NSE Nifty is at 7,980 (up 1.2%). The top gainers in the NSE Nifty include RELIANCE IND. (up 7.9%), MARUTI SUZUKI (up 7.7%) and ADANI PORTS & SEZ (up 5.7%). Other gainers include GRASIM (up 5.5%) and AXIS BANK (up 4.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,299, registering a loss of 10,510 points (down 28.36%).

GARWARE TECHNICAL Financial Update...

GARWARE TECHNICAL net profit stood at Rs 38 million for the quarter ended September 2000, compared to a profit of Rs 21 million a year ago. Net Sales rose 28.3% to Rs 440.0 million during the period as against Rs 343.0 million in July-September 1999.

For the year ended March 2000, GARWARE TECHNICAL reported 16.2% increase in net profit to Rs 79.0 million compared to net profit of Rs 68.0 million during FY99.

Revenue of the company grew 10.4% to Rs 1 billion during FY00.

The current Price to earnings ratio of GARWARE TECHNICAL, based on rolling 12 month earnings, stands at 256.4x.

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