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Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.7%
Mon, 14 Oct 13:42

Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.7%Image source: Eoneren/www.istockphoto.com

Greaves Cotton share price has zoomed 6% and is presently trading at Rs 182.3.

Meanwhile, the BSE CAPITAL GOODS index is at 72,096.6 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 3.4%) and L&T (up 2.4%).

Thermax (down 1.2%) and Honeywell Automation (down 1.2%) are among the top losers today.

Over the last one year, Greaves Cotton has moved up from Rs 134.6 to Rs 182.3, registering a gain of Rs 47.7 (up 35.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,809.8 to 72,096.6, registering a gain of 50.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.1%), Siemens (up 115.5%) and ABB (up 105.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,978.9 (up 0.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.7%) and L&T (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,117.8 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,978.9, registering a gain of 15,899.5 points (up 24.1%).

Greaves Cotton Financial Update...

Greaves Cotton net profit grew 99.3% YoY to Rs -2 million for the quarter ended June 2024, compared to a loss of Rs 240 million a year ago. Net sales rose 12.5% to Rs 6,397 million during the period as against Rs 5,686 million in April-June 2023.

For the year ended March 2024, Greaves Cotton reported 626.6% decrease in net profit to Rs -3,673 million compared to net profit of Rs 698 million during FY23. Revenue of the company fell 2.5% to Rs 26,332 million during FY24.

The current Price to earnings ratio of Greaves Cotton, based on rolling 12 month earnings, stands at -12.4.


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