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Sanghvi Movers Gains 5%; BSE CAPITAL GOODS Index Up 1.6%
Tue, 19 Nov 10:17

Sanghvi Movers Gains 5%; BSE CAPITAL GOODS Index Up 1.6%Image source: Nikada/www.istockphoto.com

Sanghvi Movers share price has zoomed 5% and is presently trading at Rs 341.3.

Meanwhile, the BSE CAPITAL GOODS index is at 67,141.8 (up 1.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 4.6%) and GMR Infra (up 4.5%).

Thermax (down 3.2%) and Carborundum Universal (down 1.6%) are among the top losers today.

Over the last one year, Sanghvi Movers has moved down from Rs 402.3 to Rs 341.3, registering a loss of Rs 61.0 (down 15.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,474.9 to 67,141.8, registering a gain of 38.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 98.4%), HINDUSTAN AERO. (up 97.4%) and Siemens (up 91.3%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,151.4 (up 1.1%).

The top gainers among the BSE Sensex today are M&M (up 3.6%) and MUNDRA PORT & SEZ (up 3.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 23,691.9 (up 1.0%). M&M and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,151.4, registering a gain of 12,475.5 points (up 19.0%).

Sanghvi Movers Financial Update...

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 16.5.


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