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Jindal Drill Plunges 4%; BSE CAPITAL GOODS Index Up 0.6%
Tue, 1 Oct 10:22

Jindal Drill Plunges 4%; BSE CAPITAL GOODS Index Up 0.6%Image source: KanawatTH/www.istockphoto.com

Jindal Drill share price has plunged 4% and is presently trading at Rs 615.4.

Meanwhile, the BSE CAPITAL GOODS index is at 73,517.8 (up 0.6%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 2.0%) and SCHAEFFLER INDIA (down 0.9%).

Siemens (up 2.2%) and ABB (up 1.9%) are among the top gainers today.

Over the last one year, Jindal Drill has moved up from Rs 590.1 to Rs 615.4, registering a gain of Rs 25.3 (up 4.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,225.6 to 73,517.8, 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 130.3%), BHEL (up 124.3%) and Bharat Electronics (up 109.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,391.1 (up 0.1%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.5%) and Infosys (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 84,391.1, registering a gain of 18,272.4 points (up 27.6%).

Jindal Drill Financial Update...

Jindal Drill net profit grew 13.0% YoY to Rs 230 million for the quarter ended June 2024, compared to a profit of Rs 203 million a year ago. Net sales rose 82.0% to Rs 1,710 million during the period as against Rs 940 million in April-June 2023.

For the year ended March 2024, Jindal Drill reported 47.2% decrease in net profit to Rs 511 million compared to net profit of Rs 969 million during FY23. Revenue of the company grew 20.5% to Rs 6,170 million during FY24.

The current Price to earnings ratio of Jindal Drill, based on rolling 12 month earnings, stands at 15.3.


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