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SHRIRAM EPC Gains 7%; BSE CAPITAL GOODS Index Up 1.2%
Tue, 10 Sep 15:52

SHRIRAM EPC Gains 7%; BSE CAPITAL GOODS Index Up 1.2%Image source: peterschreiber.media/www.istockphoto.com

SHRIRAM EPC share price has zoomed 7% and is presently trading at Rs 32.3.

Meanwhile, the BSE CAPITAL GOODS index is at 71,618.2 (up 1.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.1%) and GRINDWELL NORTON (up 3.1%).

ADANI GREEN ENERGY (down 1.2%) and ABB (down 0.9%) are among the top losers today.

Over the last one year, SHRIRAM EPC has moved up from Rs 12.5 to Rs 32.3, registering a gain of Rs 19.7 (up 157.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,845.0 to 71,618.2, registering a gain of 56.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.7%), Bharat Electronics (up 107.1%) and BHEL (up 95.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,939.0 (up 0.5%).

The top gainers among the BSE Sensex today are NTPC (up 2.3%) and Bharti Airtel (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,051.3 (up 0.5%). Divis Laboratories and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,880.5 to 81,939.0, registering a gain of 16,058.5 points (up 24.4%).

SHRIRAM EPC Financial Update...

SHRIRAM EPC net profit grew 63.9% YoY to Rs 81 million for the quarter ended June 2024, compared to a profit of Rs 49 million a year ago. Net sales rose 22.7% to Rs 1,758 million during the period as against Rs 1,433 million in April-June 2023.

For the year ended March 2024, SHRIRAM EPC reported 562.3% increase in net profit to Rs 227 million compared to net loss of Rs 49 million during FY23. Revenue of the company grew 48.1% to Rs 5,610 million during FY24.

The current Price to earnings ratio of SHRIRAM EPC, based on rolling 12 month earnings, stands at 194.5.

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