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SYRMA SGS TECHNOLOGY Gains 5%; BSE CAPITAL GOODS Index Down 1.1%
Mon, 4 Nov 9:50

SYRMA SGS TECHNOLOGY Gains 5%; BSE CAPITAL GOODS Index Down 1.1%Image source: peterschreiber.media/www.istockphoto.com

SYRMA SGS TECHNOLOGY share price has zoomed 5% and is presently trading at Rs 534.1.

Meanwhile, the BSE CAPITAL GOODS index is at 68,914.4 (down 1.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 2.0%) and Bharat Forge (up 0.7%).

Finolex Cables (down 3.3%) and BHEL (down 2.7%) are among the top losers today.

Over the last one year, SYRMA SGS TECHNOLOGY has moved down from Rs 618.1 to Rs 534.1, registering a loss of Rs 84.0 (down 13.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,784.4 to 68,914.4, registering a gain of 50.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.0%), Bharat Electronics (up 114.4%) and Siemens (up 109.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,986.6 (down 1.1%).

The top losers among the BSE Sensex today are Sun Pharma (down 3.0%) and MUNDRA PORT & SEZ (down 2.5%). The most traded stocks in the BSE Sensex are Reliance Ind. and Tata Motors.

In the meantime, NSE Nifty is at 24,025.9 (down 1.2%). IOC and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,986.6, registering a gain of 15,111.7 points (up 23.7%).

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 75.6.


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