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GMR POWER & URBAN Gains 5%; BSE CAPITAL GOODS Index Up 0.6%
Mon, 16 Sep 13:35

GMR POWER & URBAN Gains 5%; BSE CAPITAL GOODS Index Up 0.6%Image source: alexsl/www.istockphoto.com

GMR POWER & URBAN share price has zoomed 5% and is presently trading at Rs 142.3.

Meanwhile, the BSE CAPITAL GOODS index is at 73,067.4 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 7.3%) and Thermax (up 5.4%).

Honeywell Automation (down 1.5%) and Lakshmi Machine (down 1.3%) are among the top losers today.

Over the last one year, GMR POWER & URBAN has moved up from Rs 33.3 to Rs 142.3, registering a gain of Rs 109.0 (up 327.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,983.6 to 73,067.4, registering a gain of 55.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 133.9%), Bharat Electronics (up 117.2%) and BHEL (up 114.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,023.8 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.1%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,398.0 (up 0.2%). JSW Steel and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,221.1 to 83,023.8, registering a gain of 15,802.7 points (up 23.5%).

GMR POWER & URBAN Financial Update...

GMR POWER & URBAN net profit grew 740.1% YoY to Rs 13,498 million for the quarter ended June 2024, compared to a loss of Rs 2,109 million a year ago. Net sales rose 43.4% to Rs 16,119 million during the period as against Rs 11,242 million in April-June 2023.

For the year ended March 2024, GMR POWER & URBAN reported 109.5% decrease in net profit to Rs -1,112 million compared to net profit of Rs 11,710 million during FY23. Revenue of the company fell 18.6% to Rs 44,890 million during FY24.

The current Price to earnings ratio of GMR POWER & URBAN, based on rolling 12 month earnings, stands at 6.3.


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