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GRINDWELL NORTON Gains 6%; BSE CAPITAL GOODS Index Up 1.9%
Thu, 31 Oct 9:30

GRINDWELL NORTON Gains 6%; BSE CAPITAL GOODS Index Up 1.9%Image source: hudiemm/www.istockphoto.com

GRINDWELL NORTON share price has zoomed 6% and is presently trading at Rs 2,214.7.

Meanwhile, the BSE CAPITAL GOODS index is at 68,935.6 (up 1.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are L&T (up 5.3%) and Finolex Cables (up 3.6%).

GMR Infra (down 1.2%) and Bharat Electronics (down 0.8%) are among the top losers today.

Over the last one year, GRINDWELL NORTON has moved up from Rs 2,130.1 to Rs 2,214.7, registering a gain of Rs 84.6 (up 4.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 68,935.6, registering a gain of 50.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.9%), Bharat Electronics (up 116.8%) and Siemens (up 102.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,780.1 (down 0.2%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.4%) and Infosys (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.7 (down 0.3%). Tech Mahindra and TCS are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 79,780.1, registering a gain of 15,667.5 points (up 24.4%).

GRINDWELL NORTON Financial Update...

GRINDWELL NORTON net profit fell 5.0% YoY to Rs 971 million for the quarter ended September 2024, compared to a profit of Rs 1,022 million a year ago. Net sales rose 4.0% to Rs 6,939 million during the period as against Rs 6,674 million in July-September 2023.

For the year ended March 2024, GRINDWELL NORTON reported 6.2% increase in net profit to Rs 3,840 million compared to net profit of Rs 3,615 million during FY23. Revenue of the company grew 5.7% to Rs 26,868 million during FY24.

The current Price to earnings ratio of GRINDWELL NORTON, based on rolling 12 month earnings, stands at 65.4.


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