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GE T&D Plunges 5%; BSE CAPITAL GOODS Index Up 0.3%
Wed, 21 Aug 10:6

GE T&D Plunges 5%; BSE CAPITAL GOODS Index Up 0.3%Image source: peterschreiber.media/www.istockphoto.com

GE T&D share price has plunged 5% and is presently trading at Rs 1,725.6.

Meanwhile, the BSE CAPITAL GOODS index is at 73,049.6 (up 0.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Lakshmi Machine (down 1.6%) and AIA Engineering (down 0.7%).

Thermax (up 3.7%) and Carborundum Universal (up 2.0%) are among the top gainers today.

Over the last one year, GE T&D has moved up from Rs 345.6 to Rs 1,725.6, registering a gain of Rs 1,380.0 (up 399.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,641.7 to 73,049.6, registering a gain of 67.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 193.5%), HINDUSTAN AERO. (up 147.9%) and Bharat Electronics (up 135.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,694.0 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.0%) and ICICI Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,697.8 . Ultratech Cement and ICICI Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,694.0, registering a gain of 15,477.9 points (up 23.7%).

GE T&D Financial Update...

GE T&D net profit grew 376.4% YoY to Rs 1,345 million for the quarter ended June 2024, compared to a profit of Rs 282 million a year ago. Net sales rose 33.6% to Rs 9,583 million during the period as against Rs 7,176 million in April-June 2023.

For the year ended March 2024, GE T&D reported 12251.0% increase in net profit to Rs 1,811 million compared to net loss of Rs 15 million during FY23. Revenue of the company grew 14.2% to Rs 31,679 million during FY24.

The current Price to earnings ratio of GE T&D, based on rolling 12 month earnings, stands at 153.8.

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