Sanghvi Movers share price has plunged 7% and is presently trading at Rs 820.0.
Meanwhile, the BSE CAPITAL GOODS index is at 72,042.4 (down 0.2%).
Among the top losers in the BSE CAPITAL GOODS index today are Siemens (down 2.3%) and Carborundum Universal (down 1.7%).
AIA Engineering (up 3.0%) and Thermax (up 2.0%) are among the top gainers today.
Over the last one year, Sanghvi Movers has moved up from Rs 650.9 to Rs 820.0, registering a gain of Rs 169.2 (up 26.0%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 72,042.4, registering a gain of 66.8% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 212.2%), HINDUSTAN AERO. (up 152.5%) and Bharat Electronics (up 133.4%).
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The BSE Sensex is at 79,281.5 (down 0.2%).
The top losers among the BSE Sensex today are Infosys (down 1.6%) and JSW Steel (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,221.7 (down 0.3%). JSW Steel and Infosys are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,281.5, registering a gain of 13,328.0 points (up 20.2%).
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 2023, Sanghvi Movers reported 281.1% increase in net profit to Rs 1,121 million compared to net profit of Rs 294 million during FY22. Revenue of the company grew 35.9% to Rs 4,558 million during FY23.
The current Price to earnings ratio of Sanghvi Movers, based on rolling 12 month earnings, stands at 19.0.
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