Sanghvi Movers share price has zoomed 5% and is presently trading at Rs 335.3.
Meanwhile, the BSE CAPITAL GOODS index is at 70,167.4 (down 0.2%).
Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 10.0%) and Graphite India (up 4.5%).
ABB (down 1.4%) and Honeywell Automation (down 1.0%) are among the top losers today.
Over the last one year, Sanghvi Movers has moved down from Rs 394.2 to Rs 335.3, registering a loss of Rs 58.9 (down 14.9%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 48,868.6 to 70,167.4, registering a gain of 43.6% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 116.4%), Siemens (up 104.3%) and HINDUSTAN AERO. (up 94.7%).
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The BSE Sensex is at 79,043.7 (down 1.5%).
The top losers among the BSE Sensex today are M&M (down 3.4%) and Infosys (down 3.3%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Tata Steel.
In the meantime, NSE Nifty is at 23,957.5 (down 1.3%). SBI LIFE INSURANCE and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,043.7, registering a gain of 12,869.5 points (up 19.4%).
Sanghvi Movers net profit fell 21.7% YoY to Rs 291 million for the quarter ended September 2024, compared to a profit of Rs 372 million a year ago. Net sales rose 11.5% to Rs 1,561 million during the period as against Rs 1,400 million in July-September 2023.
For the year ended March 2024, Sanghvi Movers reported 67.7% increase in net profit to Rs 1,879 million compared to net profit of Rs 1,121 million during FY23. Revenue of the company grew 35.7% to Rs 6,185 million during FY24.
The current Price to earnings ratio of Sanghvi Movers, based on rolling 12 month earnings, stands at 16.2.
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