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PNC INFRATECH Plunges 4%; BSE CAPITAL GOODS Index Down 0.5%
Thu, 7 Nov 15:38

PNC INFRATECH Plunges 4%; BSE CAPITAL GOODS Index Down 0.5%Image source: ThinkNeo/www.istockphoto.com

PNC INFRATECH share price has plunged 4% and is presently trading at Rs 319.1.

Meanwhile, the BSE CAPITAL GOODS index is at 70,113.6 (down 0.5%).

Among the top losers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (down 3.9%) and ABB (down 2.4%).

HINDUSTAN AERO. (up 0.9%) and TIMKEN INDIA (up 0.7%) are among the top gainers today.

Over the last one year, PNC INFRATECH has moved down from Rs 332.4 to Rs 319.1, registering a loss of Rs 13.3 (down 4.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 70,113.6, registering a gain of 49.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.6%), Bharat Electronics (up 117.6%) and Siemens (up 110.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,541.8 (down 1.0%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.2%) and Tata Motors (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,194.6 (down 1.2%). Hindalco and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,541.8, registering a gain of 14,583.1 points (up 22.4%).

PNC INFRATECH Financial Update...

PNC INFRATECH net profit grew 218.4% YoY to Rs 5,752 million for the quarter ended June 2024, compared to a profit of Rs 1,806 million a year ago. Net sales rose 3.6% to Rs 21,675 million during the period as against Rs 20,917 million in April-June 2023.

For the year ended March 2024, PNC INFRATECH reported 38.1% increase in net profit to Rs 9,094 million compared to net profit of Rs 6,585 million during FY23. Revenue of the company grew 8.7% to Rs 86,499 million during FY24.

The current Price to earnings ratio of PNC INFRATECH, based on rolling 12 month earnings, stands at 6.3.


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