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GE T&D Gains 5%; BSE CAPITAL GOODS Index Down 1.3%
Fri, 2 Aug 10:44

GE T&D Gains 5%; BSE CAPITAL GOODS Index Down 1.3%Image source: Sakorn BernardaSv/www.istockphoto.com

GE T&D share price has zoomed 5% and is presently trading at Rs 1,731.3.

Meanwhile, the BSE CAPITAL GOODS index is at 73,756.2 (down 1.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 2.1%) and Finolex Cables (up 0.1%).

Graphite India (down 2.7%) and SCHAEFFLER INDIA (down 2.5%) are among the top losers today.

Over the last one year, GE T&D has moved up from Rs 254.1 to Rs 1,731.3, registering a gain of Rs 1,477.3 (up 581.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,045.9 to 73,756.2, registering a gain of 67.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 195.3%), HINDUSTAN AERO. (up 138.6%) and Bharat Electronics (up 134.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,054.5 (down 1.0%).

The top losers among the BSE Sensex today are Tata Motors (down 3.9%) and Maruti Suzuki (down 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,054.5, registering a gain of 14,526.9 points (up 21.8%).

GE T&D Financial Update...

GE T&D net profit grew 376.4% YoY to Rs 1,345 million for the quarter ended June 2024, compared to a profit of Rs 282 million a year ago. Net sales rose 33.6% to Rs 9,583 million during the period as against Rs 7,176 million in April-June 2023.

For the year ended March 2023, GE T&D reported 97.0% increase in net profit to Rs -15 million compared to net loss of Rs 496 million during FY22. Revenue of the company fell 9.5% to Rs 27,732 million during FY23.

The current Price to earnings ratio of GE T&D, based on rolling 12 month earnings, stands at 154.3.

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