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Jyoti Structure Plunges 5%; BSE CAPITAL GOODS Index Down 1.0%
Fri, 21 Jun 18:58

Jyoti Structure share price has plunged 5% and is presently trading at Rs 28.2.

Meanwhile, the BSE CAPITAL GOODS index is at 71,779.2 (down 1.0%).

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 3.1%) and TIMKEN INDIA (down 2.8%).

V GUARD IND. (up 3.0%) and SCHAEFFLER INDIA (up 1.3%) are among the top gainers today.

Over the last one year, Jyoti Structure has moved up from Rs 7.5 to Rs 28.2, registering a gain of Rs 20.7 (up 276.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,944.1 to 71,779.2, registering a gain of 79.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.4%), HINDUSTAN AERO. (up 168.7%) and Bharat Electronics (up 143.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,209.9 (down 0.4%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.2%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 23,501.1 (down 0.3%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,327.7 to 77,209.9, registering a gain of 13,882.2 points (up 21.9%).

Jyoti Structure Financial Update...

Jyoti Structure net profit grew 154.7% YoY to Rs 141 million for the quarter ended March 2024, compared to a profit of Rs 55 million a year ago. Net sales declined 17.2% to Rs 1,290 million during the period as against Rs 1,558 million in January-March 2023.

For the year ended March 2023, Jyoti Structure reported 90.4% increase in net profit to Rs -41 million compared to net loss of Rs 425 million during FY22. Revenue of the company grew 5123.2% to Rs 2,292 million during FY23.

The current Price to earnings ratio of Jyoti Structure, based on rolling 12 month earnings, stands at 82.8.

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