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GEE. Plunges 4%; BSE CAPITAL GOODS Index Up 0.2%
Tue, 5 Nov 9:25

GEE. Plunges 4%; BSE CAPITAL GOODS Index Up 0.2%Image source: StarLineArts/www.istockphoto.com

GEE. share price has plunged 4% and is presently trading at Rs 151.2.

Meanwhile, the BSE CAPITAL GOODS index is at 68,671.9 (up 0.2%).

Among the top losers in the BSE CAPITAL GOODS index today are Honeywell Automation (down 1.8%) and SKF India (down 1.6%).

Finolex Cables (up 2.1%) and Bharat Forge (up 1.0%) are among the top gainers today.

Over the last one year, GEE. has moved up from Rs 73.3 to Rs 151.2, registering a gain of Rs 77.9 (up 106.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,514.4 to 68,671.9, registering a gain of 50.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.3%), Bharat Electronics (up 113.5%) and Siemens (up 109.4%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 78,823.9 (up 0.1%).

The top gainers among the BSE Sensex today are JSW Steel (up 1.8%) and Tata Steel (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,023.9 (up 0.1%). JSW Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,823.9, registering a gain of 15,232.6 points (up 24.0%).

GEE. Financial Update...

GEE. net profit fell 11.1% YoY to Rs 26 million for the quarter ended June 2024, compared to a profit of Rs 30 million a year ago. Net sales declined 13.7% to Rs 821 million during the period as against Rs 951 million in April-June 2023.

For the year ended March 2023, GEE. reported 43.6% decrease in net profit to Rs 85 million compared to net profit of Rs 151 million during FY22. Revenue of the company grew 22.3% to Rs 3,957 million during FY23.

The current Price to earnings ratio of GEE., based on rolling 12 month earnings, stands at 31.4.

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