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Jindal Drill Gains 9%; BSE CAPITAL GOODS Index Up 0.6%
Tue, 30 Jul 9:45

Jindal Drill Gains 9%; BSE CAPITAL GOODS Index Up 0.6%Image source: DNY59/www.istockphoto.com

Jindal Drill share price has zoomed 9% and is presently trading at Rs 645.3.

Meanwhile, the BSE CAPITAL GOODS index is at 75,856.0 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.2%) and V GUARD IND. (up 1.8%).

Carborundum Universal (down 0.6%) and Bharat Forge (down 0.6%) are among the top losers today.

Over the last one year, Jindal Drill has moved up from Rs 415.3 to Rs 645.3, registering a gain of Rs 230.0 (up 55.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,132.9 to 75,856.0, registering a gain of 75.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 221.2%), HINDUSTAN AERO. (up 161.7%) and Bharat Electronics (up 156.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,407.3 (up 0.1%).

The top gainers among the BSE Sensex today are NTPC (up 4.3%) and Power Grid Corp. (up 4.0%). The most traded stocks in the BSE Sensex are Power Grid Corp. and NTPC.

In the meantime, NSE Nifty is at 24,883.3 (up 0.2%). Power Grid Corp. and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,407.3, registering a gain of 14,700.1 points (up 22.0%).

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 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 16.0.


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