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PNC INFRATECH Plunges 8%; BSE CAPITAL GOODS Index Down 1.5%
Tue, 22 Oct 10:23

PNC INFRATECH Plunges 8%; BSE CAPITAL GOODS Index Down 1.5%Image source: ThinkNeo/www.istockphoto.com

PNC INFRATECH share price has plunged 8% and is presently trading at Rs 338.8.

Meanwhile, the BSE CAPITAL GOODS index is at 69,718.5 (down 1.5%).

Among the top losers in the BSE CAPITAL GOODS index today are BHEL (down 2.7%) and Graphite India (down 2.4%).

ADANI GREEN ENERGY (up 0.1%) is among the top gainers today.

Over the last one year, PNC INFRATECH has moved down from Rs 366.5 to Rs 338.8, registering a loss of Rs 27.7 (down 7.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,715.6 to 69,718.5, registering a gain of 46.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 125.3%), Siemens (up 111.0%) and Bharat Electronics (up 102.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,015.8 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 1.8%) and Tata Steel (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,719.8 (down 0.3%). Tata Motors and Tata Steel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,877.0 to 81,015.8, registering a gain of 15,138.8 points (up 23.0%).

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 6.7.


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