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BIRLA PRECISION TECH. Gains 7%; BSE CAPITAL GOODS Index Down 0.2%
Wed, 23 Oct 11:1

BIRLA PRECISION TECH. Gains 7%; BSE CAPITAL GOODS Index Down 0.2%Image source: Chunumunu/www.istockphoto.com

BIRLA PRECISION TECH. share price has zoomed 7% and is presently trading at Rs 66.0.

Meanwhile, the BSE CAPITAL GOODS index is at 68,565.1 (down 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are GMR Infra (up 2.2%) and Graphite India (up 1.3%).

BHEL (down 2.5%) and Thermax (down 2.3%) are among the top losers today.

Over the last one year, BIRLA PRECISION TECH. has moved up from Rs 53.8 to Rs 66.0, registering a gain of Rs 12.2 (up 22.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 68,565.1, registering a gain of 48.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.7%), Siemens (up 110.4%) and Bharat Electronics (up 105.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,410.7 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 5.2%) and Bajaj Finserv (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,532.8 (up 0.3%). Bajaj Finance and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,410.7, registering a gain of 15,838.8 points (up 24.5%).

BIRLA PRECISION TECH. Financial Update...

BIRLA PRECISION TECH. net profit fell 58.3% YoY to Rs 7 million for the quarter ended June 2024, compared to a profit of Rs 16 million a year ago. Net sales rose 15.3% to Rs 469 million during the period as against Rs 407 million in April-June 2023.

For the year ended March 2024, BIRLA PRECISION TECH. reported 33.0% decrease in net profit to Rs 94 million compared to net profit of Rs 141 million during FY23. Revenue of the company fell 11.0% to Rs 2,255 million during FY24.

The current Price to earnings ratio of BIRLA PRECISION TECH., based on rolling 12 month earnings, stands at 51.4.


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