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Sanghvi Movers Gains 7%; BSE CAPITAL GOODS Index Up 0.2%
Tue, 15 Oct 12:11

Sanghvi Movers Gains 7%; BSE CAPITAL GOODS Index Up 0.2%Image source: asbe/www.istockphoto.com

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

What About the Benchmark Indices?

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 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 20.2.


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