Jindal Drill share price has zoomed 7% and is presently trading at Rs 649.9.
Meanwhile, the BSE CAPITAL GOODS index is at 74,073.6 (up 0.9%).
Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 3.3%) and V GUARD IND. (up 2.6%).
Lakshmi Machine (down 2.0%) and Carborundum Universal (down 0.9%) are among the top losers today.
Over the last one year, Jindal Drill has moved up from Rs 415.1 to Rs 649.9, registering a gain of Rs 234.8 (up 56.6%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 42,459.1 to 74,073.6, registering a gain of 74.5% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.2%), HINDUSTAN AERO. (up 158.1%) and Bharat Electronics (up 146.4%).
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The BSE Sensex is at 81,679.7 (up 0.4%).
The top gainers among the BSE Sensex today are NTPC (up 2.0%) and Tata Steel (up 1.4%). The most traded stocks in the BSE Sensex are ICICI Bank and Bharti Airtel.
In the meantime, NSE Nifty is at 24,943.3 (up 0.4%). NTPC and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,679.7, registering a gain of 15,323.9 points (up 23.1%).
Jindal Drill net profit grew 77.5% YoY to Rs 318 million for the quarter ended March 2024, compared to a profit of Rs 179 million a year ago. Net sales rose 91.7% to Rs 1,979 million during the period as against Rs 1,033 million in January-March 2023.
For the year ended March 2023, Jindal Drill reported 50.3% increase in net profit to Rs 969 million compared to net profit of Rs 645 million during FY22. Revenue of the company grew 22.0% to Rs 5,122 million during FY23.
The current Price to earnings ratio of Jindal Drill, based on rolling 12 month earnings, stands at 16.5.
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