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PNC INFRATECH Plunges 20%; BSE CAPITAL GOODS Index Down 0.4%
Mon, 21 Oct 9:50

PNC INFRATECH Plunges 20%; BSE CAPITAL GOODS Index Down 0.4%Image source: KanawatTH/www.istockphoto.com

PNC INFRATECH share price has plunged 20% and is presently trading at Rs 366.7.

Meanwhile, the BSE CAPITAL GOODS index is at 71,521.3 (down 0.4%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 2.5%) and GMR Infra (down 2.3%).

Lakshmi Machine (up 0.6%) and TIMKEN INDIA (up 0.3%) are among the top gainers today.

Over the last one year, PNC INFRATECH has moved down from Rs 369.0 to Rs 366.7, registering a loss of Rs 2.3 (down 0.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,057.9 to 71,521.3, registering a gain of 48.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 131.2%), Siemens (up 114.0%) and Bharat Electronics (up 105.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,028.4 (down 0.2%).

The top losers among the BSE Sensex today are Kotak Bank (down 4.4%) and Bharti Airtel (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,714.5 (down 0.6%). Tata Consumer Products and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,428.1 to 81,028.4, registering a gain of 14,600.3 points (up 22.0%).

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 7.2.


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