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KIRLOSKAR BROS. Plunges 5%; BSE CAPITAL GOODS Index Down 2.6%
Mon, 5 Aug 9:51

KIRLOSKAR BROS. Plunges 5%; BSE CAPITAL GOODS Index Down 2.6%Image source: phive2015/www.istockphoto.com

KIRLOSKAR BROS. share price has plunged 5% and is presently trading at Rs 2,118.4.

Meanwhile, the BSE CAPITAL GOODS index is at 71,571.6 (down 2.6%).

Among the top losers in the BSE CAPITAL GOODS index today are Bharat Forge (down 5.0%) and GRINDWELL NORTON (down 3.2%).

V GUARD IND. (up 2.9%) is among the top gainers today.

Over the last one year, KIRLOSKAR BROS. has moved up from Rs 836.1 to Rs 2,118.4, registering a gain of Rs 1,282.3 (up 153.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,869.5 to 71,571.6, registering a gain of 63.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 181.8%), HINDUSTAN AERO. (up 136.6%) and Bharat Electronics (up 125.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,511.8 (down 1.8%).

The top losers among the BSE Sensex today are Tata Motors (down 4.2%) and JSW Steel (down 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.9 (down 1.8%). Tata Motors and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,511.8, registering a gain of 13,052.5 points (up 19.6%).

KIRLOSKAR BROS. Financial Update...

KIRLOSKAR BROS. net profit grew 7.1% YoY to Rs 707 million for the quarter ended June 2024, compared to a profit of Rs 660 million a year ago. Net sales rose 14.6% to Rs 10,309 million during the period as against Rs 8,995 million in April-June 2023.

For the year ended March 2024, KIRLOSKAR BROS. reported 50.9% increase in net profit to Rs 3,395 million compared to net profit of Rs 2,251 million during FY23. Revenue of the company grew 7.3% to Rs 40,012 million during FY24.

The current Price to earnings ratio of KIRLOSKAR BROS., based on rolling 12 month earnings, stands at 48.9.


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