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Jindal Drill Gains 5%; BSE CAPITAL GOODS Index Down 1.2%
Mon, 4 Nov 9:48

Jindal Drill Gains 5%; BSE CAPITAL GOODS Index Down 1.2%Image source: alexsl/www.istockphoto.com

Jindal Drill share price has zoomed 5% and is presently trading at Rs 711.7.

Meanwhile, the BSE CAPITAL GOODS index is at 68,882.4 (down 1.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.8%) and Thermax (up 0.8%).

Finolex Cables (down 3.2%) and BHEL (down 2.6%) are among the top losers today.

Over the last one year, Jindal Drill has moved up from Rs 682.6 to Rs 711.7, registering a gain of Rs 29.2 (up 4.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,784.4 to 68,882.4, registering a gain of 50.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.1%), Bharat Electronics (up 114.7%) and Siemens (up 109.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,994.4 (down 1.1%).

The top losers among the BSE Sensex today are Sun Pharma (down 3.9%) and Reliance Ind. (down 2.4%). The most traded stocks in the BSE Sensex are Reliance Ind. and Tata Steel.

In the meantime, NSE Nifty is at 24,069.8 (down 1.0%). Bajaj Auto and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,994.4, registering a gain of 15,119.5 points (up 23.7%).

Jindal Drill Financial Update...

Jindal Drill net profit fell 48.7% YoY to Rs 158 million for the quarter ended September 2024, compared to a profit of Rs 309 million a year ago. Net sales rose 21.4% to Rs 1,725 million during the period as against Rs 1,421 million in July-September 2023.

For the year ended March 2024, Jindal Drill reported 47.2% decrease in net profit to Rs 511 million compared to net profit of Rs 969 million during FY23. Revenue of the company grew 20.5% to Rs 6,170 million during FY24.

The current Price to earnings ratio of Jindal Drill, based on rolling 12 month earnings, stands at 20.3.


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