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Graphite India Gains 5%; BSE CAPITAL GOODS Index Up 0.8%
Wed, 9 Oct 9:43

Graphite India Gains 5%; BSE CAPITAL GOODS Index Up 0.8%Image source: alexsl/www.istockphoto.com

Graphite India share price has zoomed 5% and is presently trading at Rs 567.2.

Meanwhile, the BSE CAPITAL GOODS index is at 71,275.6 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 3.5%) and Lakshmi Machine (up 1.4%).

V GUARD IND. (down 0.6%) and BHEL (down 0.5%) are among the top losers today.

Over the last one year, Graphite India has moved up from Rs 486.8 to Rs 567.2, registering a gain of Rs 80.4 (up 16.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,558.7 to 71,275.6, registering a gain of 49.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 128.8%), Siemens (up 110.9%) and BHEL (up 109.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,722.2 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.2%) and Tech Mahindra (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,050.8 (up 0.2%). Shriram Transport and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,722.2, registering a gain of 16,209.9 points (up 24.7%).

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 10.3.


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