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SHRIRAM EPC Gains 7%; BSE CAPITAL GOODS Index Down 0.6%
Mon, 9 Sep 9:59

SHRIRAM EPC Gains 7%; BSE CAPITAL GOODS Index Down 0.6%Image source: Nikada/www.istockphoto.com

SHRIRAM EPC share price has zoomed 7% and is presently trading at Rs 31.4.

Meanwhile, the BSE CAPITAL GOODS index is at 70,737.8 (down 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Thermax (up 0.3%) and ADANI GREEN ENERGY (up 0.1%).

Bharat Electronics (down 1.6%) and Carborundum Universal (down 1.5%) are among the top losers today.

Over the last one year, SHRIRAM EPC has moved up from Rs 12.9 to Rs 31.4, registering a gain of Rs 18.5 (up 144.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,901.9 to 70,737.8, registering a gain of 54.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.3%), Bharat Electronics (up 99.8%) and ADANI GREEN ENERGY (up 94.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,180.3 .

The top losers among the BSE Sensex today are NTPC (down 1.4%) and MUNDRA PORT & SEZ (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,838.4 (down 0.1%). ONGC and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,180.3, registering a gain of 15,400.1 points (up 23.4%).

SHRIRAM EPC Financial Update...

SHRIRAM EPC net profit grew 63.9% YoY to Rs 81 million for the quarter ended June 2024, compared to a profit of Rs 49 million a year ago. Net sales rose 22.7% to Rs 1,758 million during the period as against Rs 1,433 million in April-June 2023.

For the year ended March 2023, SHRIRAM EPC reported 98.1% increase in net profit to Rs -49 million compared to net loss of Rs 2,637 million during FY22. Revenue of the company grew 15.0% to Rs 3,788 million during FY23.

The current Price to earnings ratio of SHRIRAM EPC, based on rolling 12 month earnings, stands at 189.3.


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