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PNC INFRATECH Plunges 5%; BSE CAPITAL GOODS Index Down 0.3%
Wed, 23 Oct 13:2

PNC INFRATECH Plunges 5%; BSE CAPITAL GOODS Index Down 0.3%Image source: Sefa Ozel/www.istockphoto.com

PNC INFRATECH share price has plunged 5% and is presently trading at Rs 326.5.

Meanwhile, the BSE CAPITAL GOODS index is at 68,479.3 (down 0.3%).

Among the top losers in the BSE CAPITAL GOODS index today are BHEL (down 2.6%) and ADANI GREEN ENERGY (down 2.3%).

V GUARD IND. (up 3.7%) and GMR Infra (up 2.1%) are among the top gainers today.

Over the last one year, PNC INFRATECH has moved down from Rs 341.9 to Rs 326.5, registering a loss of Rs 15.4 (down 4.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 68,479.3, registering a gain of 48.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.8%), Siemens (up 109.0%) and Bharat Electronics (up 104.5%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,497.6 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 5.6%) and Tech Mahindra (up 2.7%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,558.1 (up 0.4%). Bajaj Finance and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,497.6, registering a gain of 15,925.7 points (up 24.7%).

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 6.4.


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