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KIRLOSKAR BROS. Plunges 4%; BSE CAPITAL GOODS Index Down 0.5%
Mon, 2 Sep 10:18

KIRLOSKAR BROS. Plunges 4%; BSE CAPITAL GOODS Index Down 0.5%Image source: ThinkNeo/www.istockphoto.com

KIRLOSKAR BROS. share price has plunged 4% and is presently trading at Rs 1,736.7.

Meanwhile, the BSE CAPITAL GOODS index is at 72,795.1 (down 0.5%).

Among the top losers in the BSE CAPITAL GOODS index today are Bharat Forge (down 1.2%) and ABB (down 1.1%).

ADANI GREEN ENERGY (up 2.4%) and Lakshmi Machine (up 2.1%) are among the top gainers today.

Over the last one year, KIRLOSKAR BROS. has moved up from Rs 877.4 to Rs 1,736.7, registering a gain of Rs 859.4 (up 97.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,941.0 to 72,795.1, registering a gain of 62.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 151.5%), HINDUSTAN AERO. (up 140.8%) and Bharat Electronics (up 121.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,593.6 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 2.4%) and ITC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,305.2 (up 0.3%). Bajaj Finserv and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,593.6, registering a gain of 17,517.8 points (up 26.9%).

KIRLOSKAR BROS. Financial Update...

KIRLOSKAR BROS. net profit grew 7.1% YoY to Rs 707 million for the quarter ended June 2024, compared to a profit of Rs 660 million a year ago. Net sales rose 14.6% to Rs 10,309 million during the period as against Rs 8,995 million in April-June 2023.

For the year ended March 2024, KIRLOSKAR BROS. reported 50.9% increase in net profit to Rs 3,395 million compared to net profit of Rs 2,251 million during FY23. Revenue of the company grew 7.3% to Rs 40,012 million during FY24.

The current Price to earnings ratio of KIRLOSKAR BROS., based on rolling 12 month earnings, stands at 40.1.


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