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Jindal Drill Gains 9%; BSE CAPITAL GOODS Index Down 0.3%
Fri, 18 Oct 10:36

Jindal Drill Gains 9%; BSE CAPITAL GOODS Index Down 0.3%Image source: Chunumunu/www.istockphoto.com

Jindal Drill share price has zoomed 9% and is presently trading at Rs 658.0.

Meanwhile, the BSE CAPITAL GOODS index is at 71,583.3 (down 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are ABB (up 1.0%) and Honeywell Automation (up 0.9%).

TIMKEN INDIA (down 3.0%) and AIA Engineering (down 2.1%) are among the top losers today.

Over the last one year, Jindal Drill has moved down from Rs 662.9 to Rs 658.0, registering a loss of Rs 4.9 (down 0.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,111.6 to 71,583.3, registering a gain of 48.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.5%), Siemens (up 113.8%) and Bharat Electronics (up 107.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,780.7 (down 0.3%).

The top losers among the BSE Sensex today are Infosys (down 4.1%) and Tech Mahindra (down 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,741.6 . Infosys and ITC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 80,780.7, registering a gain of 14,613.8 points (up 22.1%).

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 16.3.

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