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POLYMECH.MCH Gains 6%; BSE CAPITAL GOODS Index Up 0.0%
Wed, 27 Nov 9:21

POLYMECH.MCH Gains 6%; BSE CAPITAL GOODS Index Up 0.0%Image source: Sefa Ozel/www.istockphoto.com

POLYMECH.MCH share price has zoomed 6% and is presently trading at Rs 74.5.

Meanwhile, the BSE CAPITAL GOODS index is at 69,573.9 .

Among the top gainers in the BSE CAPITAL GOODS index today are Lakshmi Machine (up 3.7%) and AIA Engineering (up 3.5%).

GRINDWELL NORTON (down 1.7%) and V GUARD IND. (down 1.1%) are among the top losers today.

Over the last one year, POLYMECH.MCH has moved up from Rs 59.5 to Rs 74.5, registering a gain of Rs 15.0 (up 25.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,868.6 to 69,573.9, registering a gain of 42.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 111.5%), Siemens (up 104.1%) and HINDUSTAN AERO. (up 91.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,894.1 (down 0.1%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 1.8%) and JSW Steel (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,196.7 . M&M and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,894.1, registering a gain of 13,719.9 points (up 20.7%).

POLYMECH.MCH Financial Update...

POLYMECH.MCH net profit fell 19.4% YoY to Rs 6 million for the quarter ended September 2024, compared to a profit of Rs 7 million a year ago. Net sales rose 4.5% to Rs 164 million during the period as against Rs 157 million in July-September 2023.

For the year ended March 2024, POLYMECH.MCH reported 45.0% decrease in net profit to Rs 9 million compared to net profit of Rs 15 million during FY23. Revenue of the company fell 14.7% to Rs 590 million during FY24.

The current Price to earnings ratio of POLYMECH.MCH, based on rolling 12 month earnings, stands at 38.0.

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