Greaves Cotton share price has zoomed 7% and is presently trading at Rs 176.1.
Meanwhile, the BSE CAPITAL GOODS index is at 67,209.1 (up 1.7%).
Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 7.2%) and V GUARD IND. (up 5.1%).
Thermax (down 3.3%) and Carborundum Universal (down 2.8%) are among the top losers today.
Over the last one year, Greaves Cotton has moved up from Rs 130.7 to Rs 176.1, registering a gain of Rs 45.4 (up 34.7%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 48,474.9 to 67,209.1, registering a gain of 38.6% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 98.3%), HINDUSTAN AERO. (up 97.1%) and Siemens (up 93.8%).
The BSE Sensex is at 78,398.3 (up 1.4%).
The top gainers among the BSE Sensex today are M&M (up 4.8%) and Tech Mahindra (up 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and Kotak Bank.
In the meantime, NSE Nifty is at 23,762.2 (up 1.3%). M&M and Trent are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,398.3, registering a gain of 12,722.4 points (up 19.4%).
Greaves Cotton net profit grew 96.2% YoY to Rs -143 million for the quarter ended September 2024, compared to a loss of Rs 3,746 million a year ago. Net sales declined 2.9% to Rs 7,053 million during the period as against Rs 7,267 million in July-September 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 230.5.
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