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Jindal Drill Gains 5%; BSE CAPITAL GOODS Index Up 0.9%
Tue, 3 Sep 9:32

Jindal Drill Gains 5%; BSE CAPITAL GOODS Index Up 0.9%Image source: Sakorn BernardaSv/www.istockphoto.com

Jindal Drill share price has zoomed 5% and is presently trading at Rs 648.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,204.7 (up 0.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 3.1%) and TIMKEN INDIA (up 2.1%).

Honeywell Automation (down 1.6%) and ADANI GREEN ENERGY (down 1.0%) are among the top losers today.

Over the last one year, Jindal Drill has moved up from Rs 550.4 to Rs 648.0, registering a gain of Rs 97.7 (up 17.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,016.4 to 73,204.7, registering a gain of 62.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 147.3%), BHEL (up 144.4%) and Bharat Electronics (up 123.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,493.2 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.2%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,267.2 (down 0.1%). Bajaj Finance and Bajaj Finserv are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,493.2, registering a gain of 17,405.9 points (up 26.7%).

Jindal Drill Financial Update...

Jindal Drill net profit grew 13.0% YoY to Rs 230 million for the quarter ended June 2024, compared to a profit of Rs 203 million a year ago. Net sales rose 82.0% to Rs 1,710 million during the period as against Rs 940 million in April-June 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 16.1.


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