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%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
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. 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.
Equitymaster requests your view! Post a comment on "KIRLOSKAR BROS. Plunges 5%; BSE CAPITAL GOODS Index Down 2.6%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!