GREAVES COTTON Share Price Up by 5%; BSE CAPITAL GOODS Index Down 0.8%

Tue, 15 Dec 12:04 PM

GREAVES COTTON share price has zoomed 5% and is presently trading at Rs 90.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,158 (down 0.8%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is GREAVES COTTON (up 5.1%).

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

Over the last one year, GREAVES COTTON has moved down from Rs 126 to Rs 90, registering a loss of Rs 36 (down 28.9%).

On the other hand, the BSE CAPITAL GOODS has moved up from 16,557 to 18,158, registering a gain of 1,601 points (up 8.7%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were LAKSHMI MACHINE (up 42.0%), HAVELLS IND (up 34.2%) and HONEYWELL AUTOMATION (up 24.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 46,287 (down 0.5%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINSERV (up 2.1%), ULTRATECH CEMENT (up 2.0%) and BAJAJ FINANCE (up 1.9%). Other gainers include HCL TECHNOLOGIES (up 1.2%) and TITAN (up 0.9%). The most traded stocks in the BSE Sensex are M&M and HCL TECHNOLOGIES.

In the meantime, NSE Nifty is at 13,549 (down 0.4%). The top gainers in the NSE Nifty include EICHER MOTOR (up 2.7%), ADANI PORTS & SEZ (up 2.4%) and BAJAJ FINSERV (up 2.3%). Other gainers include SHREE CEMENT (up 2.0%) and ULTRATECH CEMENT (up 2.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,413 to 46,287, registering a gain of 5,874 points (up 13.88%).

GREAVES COTTON Financial Update...

GREAVES COTTON net profit down at Rs 100 million for the quarter ended March 2020, compared to a loss of Rs 540 million a year ago. Net Sales declined 27.3% to Rs 3.6 billion during the period as against Rs 4.9 billion in January-March 2019.

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 14.8x.

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