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Sanghvi Movers Gains 5%; BSE CAPITAL GOODS Index Up 0.8%
Mon, 14 Oct 14:6

Sanghvi Movers Gains 5%; BSE CAPITAL GOODS Index Up 0.8%Image source: Nikada/www.istockphoto.com

Sanghvi Movers share price has zoomed 5% and is presently trading at Rs 402.5.

Meanwhile, the BSE CAPITAL GOODS index is at 72,149.5 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 3.9%) and L&T (up 2.6%).

Lakshmi Machine (down 1.2%) and Thermax (down 1.2%) are among the top losers today.

Over the last one year, Sanghvi Movers has moved up from Rs 334.1 to Rs 402.5, registering a gain of Rs 68.4 (up 20.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,809.8 to 72,149.5, registering a gain of 50.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.1%), Siemens (up 115.2%) and ABB (up 105.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,997.3 (up 0.8%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.7%) and L&T (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,131.8 (up 0.7%). Wipro and L&T are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,997.3, registering a gain of 15,918.0 points (up 24.1%).

Sanghvi Movers Financial Update...

Sanghvi Movers net profit fell 3.1% YoY to Rs 405 million for the quarter ended June 2024, compared to a profit of Rs 418 million a year ago. Net sales rose 3.1% to Rs 1,506 million during the period as against Rs 1,461 million in April-June 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 18.7.

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