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SYRMA SGS TECHNOLOGY Plunges 7%; BSE CAPITAL GOODS Index Down 0.2%
Tue, 6 Aug 16:45

SYRMA SGS TECHNOLOGY Plunges 7%; BSE CAPITAL GOODS Index Down 0.2%Image source: DNY59/www.istockphoto.com

SYRMA SGS TECHNOLOGY share price has plunged 7% and is presently trading at Rs 433.6.

Meanwhile, the BSE CAPITAL GOODS index is at 70,309.3 (down 0.2%).

Among the top losers in the BSE CAPITAL GOODS index today are Honeywell Automation (down 3.3%) and SCHAEFFLER INDIA (down 2.5%).

AIA Engineering (up 2.8%) and Graphite India (up 2.3%) are among the top gainers today.

Over the last one year, SYRMA SGS TECHNOLOGY has moved down from Rs 480.9 to Rs 433.6, registering a loss of Rs 47.4 (down 9.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,066.5 to 70,309.3, registering a gain of 63.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 185.8%), HINDUSTAN AERO. (up 141.8%) and Bharat Electronics (up 129.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,746.0 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).

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 2023, SYRMA SGS TECHNOLOGY reported 127.4% increase in net profit to Rs 1,231 million compared to net profit of Rs 541 million during FY22. Revenue of the company grew 100.9% to Rs 20,484 million during FY23.

The current Price to earnings ratio of SYRMA SGS TECHNOLOGY, based on rolling 12 month earnings, stands at 66.2.


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