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Sanghvi Movers Gains 5%; BSE CAPITAL GOODS Index Up 1.0%
Wed, 9 Oct 13:45

Sanghvi Movers Gains 5%; BSE CAPITAL GOODS Index Up 1.0%Image source: asbe/www.istockphoto.com

Sanghvi Movers share price has zoomed 5% and is presently trading at Rs 392.3.

Meanwhile, the BSE CAPITAL GOODS index is at 71,471.5 (up 1.0%).

Among the top gainers in the BSE CAPITAL GOODS index today are Siemens (up 4.6%) and ABB (up 4.1%).

Finolex Cables (down 1.5%) and L&T (down 0.7%) are among the top losers today.

Over the last one year, Sanghvi Movers has moved up from Rs 344.9 to Rs 392.3, registering a gain of Rs 47.4 (up 13.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,558.7 to 71,471.5, registering a gain of 50.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.1%), Siemens (up 117.7%) and BHEL (up 110.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,778.0 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.6%) and Maruti Suzuki (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,104.1 (up 0.4%). Tata Motors and Cipla are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,778.0, registering a gain of 16,265.6 points (up 24.8%).

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 18.2.


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