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POWER MECH PROJECTS Gains 5%; BSE CAPITAL GOODS Index Up 0.1%
Tue, 15 Oct 13:41

POWER MECH PROJECTS Gains 5%; BSE CAPITAL GOODS Index Up 0.1%Image source: alexsl/www.istockphoto.com

POWER MECH PROJECTS share price has zoomed 5% and is presently trading at Rs 3,202.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,129.2 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 2.7%) and AIA Engineering (up 1.7%).

ADANI GREEN ENERGY (down 1.1%) and SCHAEFFLER INDIA (down 0.5%) are among the top losers today.

Over the last one year, POWER MECH PROJECTS has moved up from Rs 2,024.4 to Rs 3,202.0, registering a gain of Rs 1,177.6 (up 58.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,961.7 to 72,129.2, registering a gain of 50.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 133.5%), Siemens (up 119.8%) and Bharat Electronics (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 81,756.4 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.4%) and M&M (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,060.2 (down 0.3%). Bajaj Auto and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 81,756.4, registering a gain of 15,283.4 points (up 23.0%).

POWER MECH PROJECTS Financial Update...

POWER MECH PROJECTS net profit grew 23.2% YoY to Rs 623 million for the quarter ended June 2024, compared to a profit of Rs 506 million a year ago. Net sales rose 16.4% to Rs 10,074 million during the period as against Rs 8,651 million in April-June 2023.

For the year ended March 2024, POWER MECH PROJECTS reported 19.8% increase in net profit to Rs 2,484 million compared to net profit of Rs 2,073 million during FY23. Revenue of the company grew 16.8% to Rs 42,067 million during FY24.

The current Price to earnings ratio of POWER MECH PROJECTS, based on rolling 12 month earnings, stands at 38.4.


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