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GE Power Plunges 4%; BSE CAPITAL GOODS Index Down 0.0%
Tue, 16 Jul 9:39

GE Power Plunges 4%; BSE CAPITAL GOODS Index Down 0.0%Image source: Kameleon007 /www.istockphoto.com

GE Power share price has plunged 4% and is presently trading at Rs 501.0.

Meanwhile, the BSE CAPITAL GOODS index is at 74,843.4 .

Among the top losers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (down 0.6%) and L&T (down 0.5%).

ADANI GREEN ENERGY (up 3.6%) and TIMKEN INDIA (up 2.0%) are among the top gainers today.

Over the last one year, GE Power has moved up from Rs 156.6 to Rs 501.0, registering a gain of Rs 344.4 (up 219.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,312.2 to 74,843.4, registering a gain of 81.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 245.7%), HINDUSTAN AERO. (up 184.7%) and Bharat Electronics (up 160.4%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,792.2 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.2%) and M&M (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,636.1 (up 0.2%). BPCL and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,792.2, registering a gain of 15,398.3 points (up 23.5%).

GE Power Financial Update...

GE Power net profit grew 117.5% YoY to Rs 231 million for the quarter ended March 2024, compared to a loss of Rs 1,319 million a year ago. Net sales rose 13.4% to Rs 3,908 million during the period as against Rs 3,445 million in January-March 2023.

For the year ended March 2024, GE Power reported 61.1% increase in net profit to Rs -1,713 million compared to net loss of Rs 4,406 million during FY23. Revenue of the company fell 9.5% to Rs 16,248 million during FY24.

The current Price to earnings ratio of GE Power, based on rolling 12 month earnings, stands at -19.0.

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