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SYRMA SGS TECHNOLOGY Gains 6%; BSE CAPITAL GOODS Index Up 0.1%
Tue, 29 Oct 9:22

SYRMA SGS TECHNOLOGY Gains 6%; BSE CAPITAL GOODS Index Up 0.1%Image source: Chunumunu/www.istockphoto.com

SYRMA SGS TECHNOLOGY share price has zoomed 6% and is presently trading at Rs 442.0.

Meanwhile, the BSE CAPITAL GOODS index is at 66,496.3 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.1%) and GRINDWELL NORTON (up 2.0%).

Carborundum Universal (down 1.0%) and ADANI GREEN ENERGY (down 0.9%) are among the top losers today.

Over the last one year, SYRMA SGS TECHNOLOGY has moved down from Rs 593.5 to Rs 442.0, registering a loss of Rs 151.5 (down 25.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,605.4 to 66,496.3, registering a gain of 45.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 128.2%), Bharat Electronics (up 106.8%) and BHEL (up 99.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,827.4 (down 0.2%).

The top losers among the BSE Sensex today are Infosys (down 1.4%) and M&M (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,293.7 (down 0.2%). M&M and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,827.4, registering a gain of 15,778.3 points (up 24.6%).

SYRMA SGS TECHNOLOGY Financial Update...

SYRMA SGS TECHNOLOGY net profit grew 29.9% YoY to Rs 396 million for the quarter ended September 2024, compared to a profit of Rs 305 million a year ago. Net sales rose 17.0% to Rs 8,327 million during the period as against Rs 7,117 million in July-September 2023.

For the year ended March 2024, SYRMA SGS TECHNOLOGY reported 1.0% increase in net profit to Rs 1,243 million compared to net profit of Rs 1,231 million during FY23. Revenue of the company grew 54.0% to Rs 31,538 million during FY24.

The current Price to earnings ratio of SYRMA SGS TECHNOLOGY, based on rolling 12 month earnings, stands at 62.5.


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