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GRINDWELL NORTON Gains 6%; BSE CAPITAL GOODS Index Up 2.7%
Mon, 29 Jul 14:58

GRINDWELL NORTON Gains 6%; BSE CAPITAL GOODS Index Up 2.7%Image source: Ivcandy/www.istockphoto.com

GRINDWELL NORTON share price has zoomed 6% and is presently trading at Rs 2,739.6.

Meanwhile, the BSE CAPITAL GOODS index is at 75,381.2 (up 2.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (up 4.2%) and Bharat Electronics (up 3.9%).

SKF India (down 1.2%) and Honeywell Automation (down 0.8%) are among the top losers today.

Over the last one year, GRINDWELL NORTON has moved up from Rs 2,117.6 to Rs 2,739.6, registering a gain of Rs 622.0 (up 29.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 42,459.1 to 75,381.2, registering a gain of 77.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 230.5%), HINDUSTAN AERO. (up 161.7%) and Bharat Electronics (up 153.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,366.6 .

The top gainers among the BSE Sensex today are L&T (up 2.8%) and Ultratech Cement (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,857.0 (up 0.1%). BPCL and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,366.6, registering a gain of 15,010.9 points (up 22.6%).

GRINDWELL NORTON Financial Update...

GRINDWELL NORTON net profit fell 4.7% YoY to Rs 930 million for the quarter ended June 2024, compared to a profit of Rs 976 million a year ago. Net sales rose 5.6% to Rs 7,056 million during the period as against Rs 6,684 million in April-June 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 79.9.


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