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PAVNA INDUSTRIES Gains 20%; BSE CAPITAL GOODS Index Up 0.5%
Mon, 23 Sep 10:34

PAVNA INDUSTRIES Gains 20%; BSE CAPITAL GOODS Index Up 0.5%Image source: Ivcandy/www.istockphoto.com

PAVNA INDUSTRIES share price has zoomed 20% and is presently trading at Rs 515.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,729.7 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 3.5%) and ABB (up 2.5%).

GRINDWELL NORTON (down 1.0%) and TIMKEN INDIA (down 0.8%) are among the top losers today.

Over the last one year, PAVNA INDUSTRIES has moved up from Rs 422.7 to Rs 515.0, registering a gain of Rs 92.4 (up 21.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,903.1 to 73,729.7, registering a gain of 57.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 122.0%), BHEL (up 119.7%) and Bharat Electronics (up 107.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,754.9 (up 0.2%).

The top gainers among the BSE Sensex today are M&M (up 1.7%) and SBI (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,891.9 (up 0.4%). ONGC and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,754.9, registering a gain of 17,954.1 points (up 26.9%).

PAVNA INDUSTRIES Financial Update...

PAVNA INDUSTRIES net profit fell 48.0% YoY to Rs 21 million for the quarter ended June 2024, compared to a profit of Rs 41 million a year ago. Net sales declined 0.7% to Rs 788 million during the period as against Rs 794 million in April-June 2023.

For the year ended March 2024, PAVNA INDUSTRIES reported 39.0% increase in net profit to Rs 120 million compared to net profit of Rs 86 million during FY23. Revenue of the company fell 12.5% to Rs 3,169 million during FY24.

The current Price to earnings ratio of PAVNA INDUSTRIES, based on rolling 12 month earnings, stands at 62.6.


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