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POWER MECH PROJECTS Gains 8%; BSE CAPITAL GOODS Index Up 0.7%
Fri, 23 Aug 11:9

POWER MECH PROJECTS Gains 8%; BSE CAPITAL GOODS Index Up 0.7%Image source: Chunumunu/www.istockphoto.com

POWER MECH PROJECTS share price has zoomed 8% and is presently trading at Rs 6,805.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,686.0 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 4.1%) and GMR Infra (up 2.1%).

Graphite India (down 1.4%) and Carborundum Universal (down 0.8%) are among the top losers today.

Over the last one year, POWER MECH PROJECTS has moved up from Rs 3,899.9 to Rs 6,805.0, registering a gain of Rs 2,905.1 (up 74.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,641.7 to 73,686.0, registering a gain of 68.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 197.3%), HINDUSTAN AERO. (up 153.7%) and Bharat Electronics (up 137.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,119.6 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.7%) and Sun Pharma (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,842.6 (up 0.1%). Bajaj Auto and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,119.6, registering a gain of 15,903.5 points (up 24.4%).

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 2023, POWER MECH PROJECTS reported 49.7% increase in net profit to Rs 2,073 million compared to net profit of Rs 1,385 million during FY22. Revenue of the company grew 32.9% to Rs 36,012 million during FY23.

The current Price to earnings ratio of POWER MECH PROJECTS, based on rolling 12 month earnings, stands at 40.8.


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