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GMR POWER & URBAN Plunges 4%; BSE CAPITAL GOODS Index Down 0.0%
Thu, 22 Aug 10:19

GMR POWER & URBAN Plunges 4%; BSE CAPITAL GOODS Index Down 0.0%Image source: KanawatTH/www.istockphoto.com

GMR POWER & URBAN share price has plunged 4% and is presently trading at Rs 115.4.

Meanwhile, the BSE CAPITAL GOODS index is at 73,093.5 .

Among the top losers in the BSE CAPITAL GOODS index today are ABB (down 1.0%) and SCHAEFFLER INDIA (down 0.7%).

Carborundum Universal (up 1.8%) and Thermax (up 1.7%) are among the top gainers today.

Over the last one year, GMR POWER & URBAN has moved up from Rs 25.2 to Rs 115.4, registering a gain of Rs 90.2 (up 357.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,641.7 to 73,093.5, registering a gain of 67.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 195.9%), HINDUSTAN AERO. (up 147.7%) and Bharat Electronics (up 135.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,033.2 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.0%) and Asian Paints (up 0.9%). The most traded stocks in the BSE Sensex are Bharti Airtel and Tata Steel.

In the meantime, NSE Nifty is at 24,813.8 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,033.2, registering a gain of 15,817.1 points (up 24.3%).

GMR POWER & URBAN Financial Update...

GMR POWER & URBAN net profit grew 740.1% YoY to Rs 13,498 million for the quarter ended June 2024, compared to a loss of Rs 2,109 million a year ago. Net sales rose 43.4% to Rs 16,119 million during the period as against Rs 11,242 million in April-June 2023.

For the year ended March 2023, GMR POWER & URBAN reported 274.9% increase in net profit to Rs 11,395 million compared to net loss of Rs 6,515 million during FY22. Revenue of the company grew 34.7% to Rs 55,247 million during FY23.

The current Price to earnings ratio of GMR POWER & URBAN, based on rolling 12 month earnings, stands at 5.1.


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