Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.1%
Tue, 30 Jul 16:9

Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.1%Image source: ipopba/www.istockphoto.com

Greaves Cotton share price has zoomed 6% and is presently trading at Rs 178.0.

Meanwhile, the BSE CAPITAL GOODS index is at 75,503.7 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are GMR Infra (up 4.4%) and AIA Engineering (up 3.0%).

Carborundum Universal (down 2.0%) and BHEL (down 1.7%) are among the top losers today.

Over the last one year, Greaves Cotton has moved up from Rs 135.7 to Rs 178.0, registering a gain of Rs 42.4 (up 31.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,132.9 to 75,503.7, registering a gain of 75.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 214.1%), HINDUSTAN AERO. (up 156.7%) and Bharat Electronics (up 152.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,411.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 3.4%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,840.9 . Tata Motors and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,411.0, registering a gain of 14,703.8 points (up 22.0%).

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 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 -11.3.


Equitymaster requests your view! Post a comment on "Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.1%". Click here!

1 Responses to "Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.1%"

Jayshiv Rathi

Jul 30, 2024

It has showing upward movement after long consolidation it appears to be a break out and May touch 190-200 range

Please share your technical view on this

Like 
  
Equitymaster requests your view! Post a comment on "Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.1%". Click here!