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GMR POWER & URBAN Plunges 5%; BSE CAPITAL GOODS Index Down 1.0%
Fri, 21 Jun 18:59

GMR POWER & URBAN share price has plunged 5% and is presently trading at Rs 89.7.

Meanwhile, the BSE CAPITAL GOODS index is at 71,779.2 (down 1.0%).

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 3.1%) and TIMKEN INDIA (down 2.8%).

V GUARD IND. (up 3.0%) and SCHAEFFLER INDIA (up 1.3%) are among the top gainers today.

Over the last one year, GMR POWER & URBAN has moved up from Rs 18.0 to Rs 89.7, registering a gain of Rs 71.7 (up 399.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,944.1 to 71,779.2, registering a gain of 79.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.4%), HINDUSTAN AERO. (up 168.7%) and Bharat Electronics (up 143.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,209.9 (down 0.4%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.2%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 23,501.1 (down 0.3%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,327.7 to 77,209.9, registering a gain of 13,882.2 points (up 21.9%).

GMR POWER & URBAN Financial Update...

GMR POWER & URBAN net profit grew 177.0% YoY to Rs 2,467 million for the quarter ended March 2024, compared to a loss of Rs 3,204 million a year ago. Net sales rose 14.8% to Rs 16,345 million during the period as against Rs 14,234 million in January-March 2023.

For the year ended March 2023, GMR POWER & URBAN reported 274.9% increase in net profit to Rs 11,395 million compared to net loss of Rs 6,515 million during FY22. Revenue of the company grew 34.7% to Rs 55,247 million during FY23.

The current Price to earnings ratio of GMR POWER & URBAN, based on rolling 12 month earnings, stands at 124.0.

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