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%).
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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 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.
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1 Responses to "Greaves Cotton Gains 6%; BSE CAPITAL GOODS Index Up 0.1%"
Jayshiv Rathi
Jul 30, 2024It 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