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SYRMA SGS TECHNOLOGY Gains 4%; BSE CAPITAL GOODS Index Up 0.2%
Wed, 27 Nov 9:30

SYRMA SGS TECHNOLOGY Gains 4%; BSE CAPITAL GOODS Index Up 0.2%Image source: Sakorn BernardaSv/www.istockphoto.com

SYRMA SGS TECHNOLOGY share price has zoomed 4% and is presently trading at Rs 568.5.

Meanwhile, the BSE CAPITAL GOODS index is at 69,684.1 (up 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are AIA Engineering (up 3.5%) and Siemens (up 2.5%).

BHEL (down 0.6%) and Finolex Cables (down 0.4%) are among the top losers today.

Over the last one year, SYRMA SGS TECHNOLOGY has moved up from Rs 559.6 to Rs 568.5, registering a gain of Rs 9.0 (up 1.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,868.6 to 69,684.1, registering a gain of 42.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 111.2%), Siemens (up 103.8%) and HINDUSTAN AERO. (up 91.9%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,975.8 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.0%) and Indusind Bank (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,186.5 . Cipla and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,975.8, registering a gain of 13,801.6 points (up 20.9%).

SYRMA SGS TECHNOLOGY Financial Update...

SYRMA SGS TECHNOLOGY net profit grew 29.9% YoY to Rs 396 million for the quarter ended September 2024, compared to a profit of Rs 305 million a year ago. Net sales rose 17.0% to Rs 8,327 million during the period as against Rs 7,117 million in July-September 2023.

For the year ended March 2024, SYRMA SGS TECHNOLOGY reported 1.0% increase in net profit to Rs 1,243 million compared to net profit of Rs 1,231 million during FY23. Revenue of the company grew 54.0% to Rs 31,538 million during FY24.

The current Price to earnings ratio of SYRMA SGS TECHNOLOGY, based on rolling 12 month earnings, stands at 80.7.


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