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Jyoti Structure Plunges 5%; BSE CAPITAL GOODS Index Down 0.2%
Tue, 6 Aug 16:40

Jyoti Structure Plunges 5%; BSE CAPITAL GOODS Index Down 0.2%Image source: asbe/www.istockphoto.com

Jyoti Structure share price has plunged 5% and is presently trading at Rs 26.8.

Meanwhile, the BSE CAPITAL GOODS index is at 70,309.3 (down 0.2%).

Among the top losers in the BSE CAPITAL GOODS index today are Honeywell Automation (down 3.3%) and SCHAEFFLER INDIA (down 2.5%).

AIA Engineering (up 2.8%) and Graphite India (up 2.3%) are among the top gainers today.

Over the last one year, Jyoti Structure has moved up from Rs 10.0 to Rs 26.8, registering a gain of Rs 16.8 (up 168.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,066.5 to 70,309.3, registering a gain of 63.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 185.8%), HINDUSTAN AERO. (up 141.8%) and Bharat Electronics (up 129.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,746.0 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).

Jyoti Structure Financial Update...

Jyoti Structure net profit grew 154.7% YoY to Rs 141 million for the quarter ended March 2024, compared to a profit of Rs 55 million a year ago. Net sales declined 17.2% to Rs 1,290 million during the period as against Rs 1,558 million in January-March 2023.

For the year ended March 2024, Jyoti Structure reported 808.6% increase in net profit to Rs 289 million compared to net loss of Rs 41 million during FY23. Revenue of the company grew 96.9% to Rs 4,514 million during FY24.

The current Price to earnings ratio of Jyoti Structure, based on rolling 12 month earnings, stands at 78.7.


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