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GE Power Gains 9%; BSE CAPITAL GOODS Index Down 1.2%
Mon, 4 Nov 9:48

GE Power Gains 9%; BSE CAPITAL GOODS Index Down 1.2%Image source: Eoneren/www.istockphoto.com

GE Power share price has zoomed 9% and is presently trading at Rs 376.2.

Meanwhile, the BSE CAPITAL GOODS index is at 68,882.4 (down 1.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.8%) and Thermax (up 0.8%).

Finolex Cables (down 3.2%) and BHEL (down 2.6%) are among the top losers today.

Over the last one year, GE Power has moved up from Rs 174.8 to Rs 376.2, registering a gain of Rs 201.4 (up 115.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,784.4 to 68,882.4, registering a gain of 50.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.1%), Bharat Electronics (up 114.7%) and Siemens (up 109.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,994.4 (down 1.1%).

The top losers among the BSE Sensex today are Sun Pharma (down 3.9%) and Reliance Ind. (down 2.4%). The most traded stocks in the BSE Sensex are Reliance Ind. and Tata Steel.

In the meantime, NSE Nifty is at 24,069.8 (down 1.0%). Bajaj Auto and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,994.4, registering a gain of 15,119.5 points (up 23.7%).

GE Power Financial Update...

GE Power net profit grew 92.1% YoY to Rs -107 million for the quarter ended June 2024, compared to a loss of Rs 1,363 million a year ago. Net sales rose 1.5% to Rs 4,300 million during the period as against Rs 4,236 million in April-June 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 -49.1.

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