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SYRMA SGS TECHNOLOGY Gains 8%; BSE CAPITAL GOODS Index Up 1.9%
Wed, 6 Nov 13:10

SYRMA SGS TECHNOLOGY Gains 8%; BSE CAPITAL GOODS Index Up 1.9%Image source: StarLineArts/www.istockphoto.com

SYRMA SGS TECHNOLOGY share price has zoomed 8% and is presently trading at Rs 544.8.

Meanwhile, the BSE CAPITAL GOODS index is at 69,967.7 (up 1.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 5.2%) and Bharat Electronics (up 4.4%).

V GUARD IND. (down 0.8%) and TIMKEN INDIA (down 0.7%) are among the top losers today.

Over the last one year, SYRMA SGS TECHNOLOGY has moved up from Rs 527.7 to Rs 544.8, registering a gain of Rs 17.2 (up 3.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 69,967.7, registering a gain of 48.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 126.4%), Bharat Electronics (up 117.1%) and Siemens (up 109.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,184.2 (up 0.9%).

The top gainers among the BSE Sensex today are TCS (up 3.8%) and HCl Tech. (up 3.7%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,427.4 (up 0.9%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,184.2, registering a gain of 15,225.6 points (up 23.4%).

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 77.1.


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