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GE T&D Plunges 5%; BSE CAPITAL GOODS Index Up 0.4%
Thu, 19 Sep 9:21

GE T&D Plunges 5%; BSE CAPITAL GOODS Index Up 0.4%Image source: Nikada/www.istockphoto.com

GE T&D share price has plunged 5% and is presently trading at Rs 1,603.1.

Meanwhile, the BSE CAPITAL GOODS index is at 73,059.6 (up 0.4%).

Among the top losers in the BSE CAPITAL GOODS index today are GRINDWELL NORTON (down 1.1%) and Lakshmi Machine (down 0.9%).

V GUARD IND. (up 1.4%) and Siemens (up 1.1%) are among the top gainers today.

Over the last one year, GE T&D has moved up from Rs 396.1 to Rs 1,603.1, registering a gain of Rs 1,207.0 (up 304.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 73,059.6, registering a gain of 55.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 122.9%), BHEL (up 110.5%) and Bharat Electronics (up 102.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,359.2 (up 0.5%).

The top gainers among the BSE Sensex today are NTPC (up 2.8%) and HCl Tech. (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,487.1 (up 0.4%). NTPC and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,359.2, registering a gain of 15,762.3 points (up 23.3%).

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 2024, GE T&D reported 12251.0% increase in net profit to Rs 1,811 million compared to net loss of Rs 15 million during FY23. Revenue of the company grew 14.2% to Rs 31,679 million during FY24.

The current Price to earnings ratio of GE T&D, based on rolling 12 month earnings, stands at 142.8.

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