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POLYMECH.MCH Gains 6%; BSE CAPITAL GOODS Index Up 0.7%
Mon, 23 Sep 15:14

POLYMECH.MCH Gains 6%; BSE CAPITAL GOODS Index Up 0.7%Image source: hudiemm/www.istockphoto.com

POLYMECH.MCH share price has zoomed 6% and is presently trading at Rs 68.5.

Meanwhile, the BSE CAPITAL GOODS index is at 73,881.1 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 10.5%) and Lakshmi Machine (up 4.7%).

Thermax (down 2.5%) and TIMKEN INDIA (down 2.1%) are among the top losers today.

Over the last one year, POLYMECH.MCH has moved up from Rs 58.2 to Rs 68.5, registering a gain of Rs 10.3 (up 17.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,903.1 to 73,881.1, registering a gain of 57.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 122.5%), BHEL (up 121.7%) and Bharat Electronics (up 109.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,944.4 (up 0.5%).

The top gainers among the BSE Sensex today are M&M (up 3.3%) and SBI (up 2.7%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,951.1 (up 0.6%). M&M and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,944.4, registering a gain of 18,143.5 points (up 27.2%).

POLYMECH.MCH Financial Update...

POLYMECH.MCH net profit grew 70.1% YoY to Rs -2 million for the quarter ended June 2024, compared to a loss of Rs 5 million a year ago. Net sales rose 16.6% to Rs 143 million during the period as against Rs 123 million in April-June 2023.

For the year ended March 2023, POLYMECH.MCH reported 55.4% decrease in net profit to Rs 15 million compared to net profit of Rs 35 million during FY22. Revenue of the company fell 17.0% to Rs 692 million during FY23.

The current Price to earnings ratio of POLYMECH.MCH, based on rolling 12 month earnings, stands at 31.1.

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