GRAPHITE INDIA Plunges by 6%; BSE CAPITAL GOODS Index Down 1.9%

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GRAPHITE INDIA share price has plunged 6% and is presently trading at Rs 520.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,188 (down 1.9%).

Among the top losers in the BSE CAPITAL GOODS Index today are GRAPHITE INDIA (down 5.5%) and SUZLON ENERGY (down 6.5%).

AIA ENGINEERING (up 2.9%) and CARBORUNDUM UNIVERSAL (up 1.4%) are among the top gainers today.

Over the last one year, GRAPHITE INDIA has moved down from Rs 647 to Rs 520, registering a loss of Rs 127 (down 19.7%)..

The BSE CAPITAL GOODS has moved down from 19,106 to 17,188, loss of 1,918 points (down 10.0%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 47.5%), AIA ENGINEERING (up 13.7%) and SKF INDIA (up 12.9%).

What About the Benchmark Indices?

The BSE Sensex is at 36,886 (down 1.2%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 0.8%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and KOTAK MAH. BANK.

In the meantime, NSE Nifty is at 11,041 (down 1.2%). BHARTI INFRATEL (up 7.6%) and KOTAK MAH. BANK (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,083 to 36,886, registering a gain of 2,803 points (up 7.1%).

GRAPHITE INDIA Financial Update…

GRAPHITE INDIA net profit stood at Rs 9 billion for the quarter ended September 2018, compared to a profit of Rs 3 billion a year ago. Net Sales rose 115.2% to Rs 20.1 billion during the period as against Rs 9.3 billion in July-September 2017.

For the year ended March 2018, GRAPHITE INDIA reported 1363.6% increase in net profit to Rs 10.3 billion compared to net profit of Rs 705.0 million during FY17.

Revenue of the company grew 111.8% to Rs 33 billion during FY18.

The current Price to earnings ratio of GRAPHITE INDIA, based on rolling 12 month earnings, stands at 3.7x. p >

This article (GRAPHITE INDIA Plunges by 6%; BSE CAPITAL GOODS Index Down 1.9%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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