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Graphite India Plunges 5%; BSE CAPITAL GOODS Index Down 1.9%
Mon, 7 Oct 10:49

Graphite India Plunges 5%; BSE CAPITAL GOODS Index Down 1.9%Image source: peterschreiber.media/www.istockphoto.com

Graphite India share price has plunged 5% and is presently trading at Rs 548.4.

Meanwhile, the BSE CAPITAL GOODS index is at 68,978.5 (down 1.9%).

Among the top losers in the BSE CAPITAL GOODS index today are Finolex Cables (down 4.7%) and GMR Infra (down 3.9%).

Over the last one year, Graphite India has moved up from Rs 493.7 to Rs 548.4, registering a gain of Rs 54.7 (up 11.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 68,978.5, registering a gain of 43.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 113.3%), Siemens (up 100.2%) and BHEL (up 97.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,734.7 (up 0.1%).

The top gainers among the BSE Sensex today are ITC (up 1.7%) and ICICI Bank (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,972.4 (down 0.2%). MUNDRA PORT & SEZ and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,734.7, registering a gain of 16,222.6 points (up 24.8%).

Graphite India Financial Update...

Graphite India net profit grew 886.7% YoY to Rs 2,360 million for the quarter ended June 2024, compared to a loss of Rs 300 million a year ago. Net sales declined 2.5% to Rs 7,280 million during the period as against Rs 7,470 million in April-June 2023.

For the year ended March 2024, Graphite India reported 304.3% increase in net profit to Rs 8,048 million compared to net profit of Rs 1,991 million during FY23. Revenue of the company fell 7.3% to Rs 29,497 million during FY24.

The current Price to earnings ratio of Graphite India, based on rolling 12 month earnings, stands at 10.0.

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