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MTAR TECHNOLOGIES Plunges 5%; BSE CAPITAL GOODS Index Up 0.4%
Wed, 14 Aug 9:20

MTAR TECHNOLOGIES Plunges 5%; BSE CAPITAL GOODS Index Up 0.4%Image source: peterschreiber.media/www.istockphoto.com

MTAR TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 1,701.2.

Meanwhile, the BSE CAPITAL GOODS index is at 72,232.7 (up 0.4%).

Among the top losers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (down 2.3%) and SKF India (down 1.3%).

AIA Engineering (up 2.0%) and V GUARD IND. (up 1.6%) are among the top gainers today.

Over the last one year, MTAR TECHNOLOGIES has moved down from Rs 2,218.9 to Rs 1,701.2, registering a loss of Rs 517.8 (down 23.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 72,232.7, registering a gain of 66.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 188.1%), HINDUSTAN AERO. (up 142.8%) and Bharat Electronics (up 127.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,065.2 (up 0.1%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 1.1%) and NTPC (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,184.4 (up 0.2%). Hindalco and Cipla are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,065.2, registering a gain of 13,663.3 points (up 20.9%).

MTAR TECHNOLOGIES Financial Update...

MTAR TECHNOLOGIES net profit fell 84.3% YoY to Rs 49 million for the quarter ended March 2024, compared to a profit of Rs 311 million a year ago. Net sales declined 27.2% to Rs 1,430 million during the period as against Rs 1,964 million in January-March 2023.

For the year ended March 2023, MTAR TECHNOLOGIES reported 69.9% increase in net profit to Rs 1,034 million compared to net profit of Rs 609 million during FY22. Revenue of the company grew 78.2% to Rs 5,738 million during FY23.

The current Price to earnings ratio of MTAR TECHNOLOGIES, based on rolling 12 month earnings, stands at 93.3.


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