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PNC INFRATECH Gains 5%; BSE CAPITAL GOODS Index Up 2.6%
Wed, 6 Nov 15:10

PNC INFRATECH Gains 5%; BSE CAPITAL GOODS Index Up 2.6%Image source: phive2015/www.istockphoto.com

PNC INFRATECH share price has zoomed 5% and is presently trading at Rs 331.5.

Meanwhile, the BSE CAPITAL GOODS index is at 70,428.1 (up 2.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 5.5%) and BHEL (up 5.3%).

TIMKEN INDIA (down 0.7%) and Lakshmi Machine (down 0.7%) are among the top losers today.

Over the last one year, PNC INFRATECH has moved down from Rs 332.4 to Rs 331.5, registering a loss of Rs 0.9 (down 0.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 70,428.1, registering a gain of 49.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 127.3%), Bharat Electronics (up 119.3%) and Siemens (up 109.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,377.3 (up 1.1%).

The top gainers among the BSE Sensex today are TCS (up 4.2%) and Infosys (up 4.0%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,481.9 (up 1.1%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,377.3, registering a gain of 15,418.6 points (up 23.7%).

PNC INFRATECH Financial Update...

PNC INFRATECH net profit grew 218.4% YoY to Rs 5,752 million for the quarter ended June 2024, compared to a profit of Rs 1,806 million a year ago. Net sales rose 3.6% to Rs 21,675 million during the period as against Rs 20,917 million in April-June 2023.

For the year ended March 2024, PNC INFRATECH reported 38.1% increase in net profit to Rs 9,094 million compared to net profit of Rs 6,585 million during FY23. Revenue of the company grew 8.7% to Rs 86,499 million during FY24.

The current Price to earnings ratio of PNC INFRATECH, based on rolling 12 month earnings, stands at 6.5.


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