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POLYMECH.MCH Plunges 6%; BSE CAPITAL GOODS Index Down 1.0%
Thu, 21 Nov 11:0

POLYMECH.MCH Plunges 6%; BSE CAPITAL GOODS Index Down 1.0%Image source: DNY59/www.istockphoto.com

POLYMECH.MCH share price has plunged 6% and is presently trading at Rs 67.0.

Meanwhile, the BSE CAPITAL GOODS index is at 65,684.7 (down 1.0%).

Among the top losers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (down 17.7%) and GMR Infra (down 6.9%).

Carborundum Universal (up 2.0%) and TIMKEN INDIA (up 0.7%) are among the top gainers today.

Over the last one year, POLYMECH.MCH has moved up from Rs 60.0 to Rs 67.0, registering a gain of Rs 7.0 (up 11.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,904.9 to 65,684.7, registering a gain of 34.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 90.3%), Siemens (up 85.9%) and HINDUSTAN AERO. (up 84.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,062.0 (down 0.7%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 3.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,062.0, registering a gain of 11,406.8 points (up 17.4%).

POLYMECH.MCH Financial Update...

POLYMECH.MCH net profit fell 19.4% YoY to Rs 6 million for the quarter ended September 2024, compared to a profit of Rs 7 million a year ago. Net sales rose 4.5% to Rs 164 million during the period as against Rs 157 million in July-September 2023.

For the year ended March 2024, POLYMECH.MCH reported 45.0% decrease in net profit to Rs 9 million compared to net profit of Rs 15 million during FY23. Revenue of the company fell 14.7% to Rs 590 million during FY24.

The current Price to earnings ratio of POLYMECH.MCH, based on rolling 12 month earnings, stands at 34.2.


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