Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

POWER MECH PROJECTS Gains 7%; BSE CAPITAL GOODS Index Up 3.6%
Mon, 25 Nov 13:24

POWER MECH PROJECTS Gains 7%; BSE CAPITAL GOODS Index Up 3.6%Image source: Nikada/www.istockphoto.com

POWER MECH PROJECTS share price has zoomed 7% and is presently trading at Rs 2,704.3.

Meanwhile, the BSE CAPITAL GOODS index is at 69,850.3 (up 3.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Siemens (up 6.4%) and Bharat Electronics (up 4.9%).

Thermax (down 0.2%) and SCHAEFFLER INDIA (down 0.1%) are among the top losers today.

Over the last one year, POWER MECH PROJECTS has moved up from Rs 2,036.5 to Rs 2,704.3, registering a gain of Rs 667.8 (up 32.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,608.7 to 69,850.3, registering a gain of 43.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 106.2%), Siemens (up 103.2%) and HINDUSTAN AERO. (up 99.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,914.7 (up 1.0%).

The top gainers among the BSE Sensex today are L&T (up 4.1%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.

In the meantime, NSE Nifty is at 24,180.2 (up 1.1%). ONGC and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 79,914.7, registering a gain of 13,984.0 points (up 21.2%).

POWER MECH PROJECTS Financial Update...

POWER MECH PROJECTS net profit grew 30.6% YoY to Rs 702 million for the quarter ended September 2024, compared to a profit of Rs 537 million a year ago. Net sales rose 11.0% to Rs 10,355 million during the period as against Rs 9,325 million in July-September 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 30.5.


Equitymaster requests your view! Post a comment on "POWER MECH PROJECTS Gains 7%; BSE CAPITAL GOODS Index Up 3.6%". Click here!