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SYRMA SGS TECHNOLOGY Gains 6%; BSE CAPITAL GOODS Index Up 0.2%
Wed, 25 Sep 9:49

SYRMA SGS TECHNOLOGY Gains 6%; BSE CAPITAL GOODS Index Up 0.2%Image source: Nikada/www.istockphoto.com

SYRMA SGS TECHNOLOGY share price has zoomed 6% and is presently trading at Rs 461.4.

Meanwhile, the BSE CAPITAL GOODS index is at 74,408.2 (up 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are Graphite India (up 3.3%) and GRINDWELL NORTON (up 1.5%).

TIMKEN INDIA (down 0.8%) and Finolex Cables (down 0.8%) are among the top losers today.

Over the last one year, SYRMA SGS TECHNOLOGY has moved down from Rs 543.2 to Rs 461.4, registering a loss of Rs 81.8 (down 15.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,582.2 to 74,408.2, registering a gain of 59.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.2%), BHEL (up 125.6%) and Bharat Electronics (up 114.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,948.1 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 2.8%) and M&M (up 2.4%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,939.5 . Tata Consumer Products and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,948.1, registering a gain of 18,924.4 points (up 28.7%).

SYRMA SGS TECHNOLOGY Financial Update...

SYRMA SGS TECHNOLOGY net profit fell 28.2% YoY to Rs 203 million for the quarter ended June 2024, compared to a profit of Rs 283 million a year ago. Net sales rose 92.9% to Rs 11,599 million during the period as against Rs 6,013 million in April-June 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 70.4.


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