Sanghvi Movers share price has zoomed 7% and is presently trading at Rs 436.6.
Meanwhile, the BSE CAPITAL GOODS index is at 72,233.1 (up 0.2%).
Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 4.1%) and AIA Engineering (up 1.7%).
V GUARD IND. (down 0.8%) and ADANI GREEN ENERGY (down 0.3%) are among the top losers today.
Over the last one year, Sanghvi Movers has moved up from Rs 338.3 to Rs 436.6, registering a gain of Rs 98.2 (up 29.0%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 47,961.7 to 72,233.1, registering a gain of 50.6% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 133.7%), Siemens (up 119.2%) and Bharat Electronics (up 109.2%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 81,848.2 (down 0.2%).
The top losers among the BSE Sensex today are Bajaj Finance (down 2.0%) and M&M (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..
In the meantime, NSE Nifty is at 25,071.9 (down 0.2%). Bajaj Auto and Wipro are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 81,848.2, registering a gain of 15,375.2 points (up 23.1%).
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 20.2.
Equitymaster requests your view! Post a comment on "Sanghvi Movers Gains 7%; BSE CAPITAL GOODS Index Up 0.2%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!