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Sanghvi Movers Plunges 5%; BSE CAPITAL GOODS Index Down 0.3%
Wed, 23 Oct 9:21

Sanghvi Movers Plunges 5%; BSE CAPITAL GOODS Index Down 0.3%Image source: Sefa Ozel/www.istockphoto.com

Sanghvi Movers share price has plunged 5% and is presently trading at Rs 382.1.

Meanwhile, the BSE CAPITAL GOODS index is at 68,489.6 (down 0.3%).

Among the top losers in the BSE CAPITAL GOODS index today are AIA Engineering (down 3.1%) and SCHAEFFLER INDIA (down 2.5%).

ADANI GREEN ENERGY (up 0.3%) and Bharat Forge (up 0.3%) are among the top gainers today.

Over the last one year, Sanghvi Movers has moved up from Rs 332.8 to Rs 382.1, registering a gain of Rs 49.2 (up 14.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 68,489.6, registering a gain of 48.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 131.5%), Siemens (up 112.1%) and ABB (up 108.1%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 79,921.1 (down 0.4%).

The top losers among the BSE Sensex today are JSW Steel (down 1.4%) and Power Grid Corp. (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,512.0 (up 0.2%). Bajaj Finance and Bajaj Finserv are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,921.1, registering a gain of 15,349.3 points (up 23.8%).

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 17.7.


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