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GE Power Gains 8%; BSE CAPITAL GOODS Index Down 0.0%
Mon, 8 Jul 12:11

GE Power Gains 8%; BSE CAPITAL GOODS Index Down 0.0%Image source: Ivcandy/www.istockphoto.com

GE Power share price has zoomed 8% and is presently trading at Rs 517.0.

Meanwhile, the BSE CAPITAL GOODS index is at 75,126.2 .

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 5.4%) and BHEL (up 3.0%).

SCHAEFFLER INDIA (down 2.5%) and Finolex Cables (down 2.2%) are among the top losers today.

Over the last one year, GE Power has moved up from Rs 154.5 to Rs 517.0, registering a gain of Rs 362.5 (up 234.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,532.4 to 75,126.2, registering a gain of 85.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 274.9%), HINDUSTAN AERO. (up 199.5%) and Bharat Electronics (up 170.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,882.3 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 4.1%) and MUNDRA PORT & SEZ (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,272.7 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,882.3, registering a gain of 14,403.3 points (up 22.0%).

GE Power Financial Update...

GE Power net profit grew 117.5% YoY to Rs 231 million for the quarter ended March 2024, compared to a loss of Rs 1,319 million a year ago. Net sales rose 13.4% to Rs 3,908 million during the period as against Rs 3,445 million in January-March 2023.

For the year ended March 2024, GE Power reported 61.1% increase in net profit to Rs -1,713 million compared to net loss of Rs 4,406 million during FY23. Revenue of the company fell 9.5% to Rs 16,248 million during FY24.

The current Price to earnings ratio of GE Power, based on rolling 12 month earnings, stands at -19.6.

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