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Greaves Cotton Gains 8%; BSE CAPITAL GOODS Index Up 0.3%
Thu, 4 Jul 16:42

Greaves Cotton Gains 8%; BSE CAPITAL GOODS Index Up 0.3%Image source: Kameleon007 /www.istockphoto.com

Greaves Cotton share price has zoomed 8% and is presently trading at Rs 159.4.

Meanwhile, the BSE CAPITAL GOODS index is at 73,985.3 (up 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are Honeywell Automation (up 4.2%) and HINDUSTAN AERO. (up 1.2%).

TIMKEN INDIA (down 1.2%) and L&T (down 1.0%) are among the top losers today.

Over the last one year, Greaves Cotton has moved up from Rs 134.0 to Rs 159.4, registering a gain of Rs 25.5 (up 19.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,540.3 to 73,985.3, registering a gain of 82.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 252.2%), HINDUSTAN AERO. (up 192.9%) and Bharat Electronics (up 156.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,049.7 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.7%) and HCl Tech. (up 2.7%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,304.7 (up 0.1%). Tata Motors and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,049.7, registering a gain of 14,844.6 points (up 22.8%).

Greaves Cotton Financial Update...

Greaves Cotton net profit fell 146.0% YoY to Rs -134 million for the quarter ended March 2024, compared to a profit of Rs 290 million a year ago. Net sales declined 18.7% to Rs 6,725 million during the period as against Rs 8,269 million in January-March 2023.

For the year ended March 2023, Greaves Cotton reported 297.6% increase in net profit to Rs 698 million compared to net loss of Rs 353 million during FY22. Revenue of the company grew 57.9% to Rs 26,995 million during FY23.

The current Price to earnings ratio of Greaves Cotton, based on rolling 12 month earnings, stands at -10.1.


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