GRINDWELL NORTON at All Time High; BSE CAPITAL GOODS Index Up 0.8%

Thu, 24 Dec 10:14 AM

GRINDWELL NORTON share price has hit an all-time high at Rs 700 (up 2.9%).

Meanwhile, the BSE CAPITAL GOODS Index is at 18,582 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS Index today are GRINDWELL NORTON (up 2.9%) and HONEYWELL AUTOMATION (up 2.8%).

SIEMENS (down 0.6%) is among the top loser today.

Over the last one year, GRINDWELL NORTON has moved up from Rs 582 to Rs 700, registering a gain of Rs 118 (up 20.2%).

The BSE CAPITAL GOODS has moved up from 17,045 to 18,582, registering a gain of 1,537 points (up 8.8%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were LAKSHMI MACHINE (up 49.1%), HONEYWELL AUTOMATION (up 42.6%) and HAVELLS INDIA (up 39.1%).

REVEALED: The Secret to potentially Making Rs 18,870, Rs 9,425 and Rs 7,315 in a Single Day...

What About the Benchmark Indices?

The BSE Sensex is at 46,829 (up 0.8%). The top gainers among the BSE Sensex stocks today are ONGC (up 4.2%), BAJAJ AUTO (up 2.6%) and BHARTI AIRTEL (up 2.5%). Other gainers include AXIS BANK (up 2.4%) and TATA STEEL (up 2.1%). The most traded stocks in the BSE Sensex are ONGC and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 13,724 (up 0.9%). The top gainers in the NSE Nifty include TATA MOTORS (up 4.6%), ONGC (up 4.1%) and GAIL (up 3.2%). Other gainers include JSW STEEL (up 3.0%) and COAL INDIA (up 2.9%).

Over the last 12 months, the BSE Sensex has moved up from 41,643 to 46,829, registering a gain of 5,186 points (up 12.4%).

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 45.8x.

Indian Share Market Update: Top Gainers and Losers

What else is happening in the markets today? Dig in...