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SHRIRAM EPC Gains 6%; BSE CAPITAL GOODS Index Up 0.6%
Tue, 1 Oct 9:50

SHRIRAM EPC Gains 6%; BSE CAPITAL GOODS Index Up 0.6%Image source: asbe/www.istockphoto.com

SHRIRAM EPC share price has zoomed 6% and is presently trading at Rs 30.3.

Meanwhile, the BSE CAPITAL GOODS index is at 73,514.3 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Siemens (up 1.8%) and ABB (up 1.5%).

V GUARD IND. (down 1.5%) and SKF India (down 0.5%) are among the top losers today.

Over the last one year, SHRIRAM EPC has moved up from Rs 12.8 to Rs 30.3, registering a gain of Rs 17.5 (up 136.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,225.6 to 73,514.3, registering a gain of 55.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.7%), BHEL (up 122.9%) and Bharat Electronics (up 108.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,490.5 (up 0.2%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.8%) and Bajaj Finserv (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,490.5, registering a gain of 18,371.8 points (up 27.8%).

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 564.6% increase in net profit to Rs 228 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 182.8.

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