Sanghvi Movers Ltd Share Price (SANGHVIMOV)

Sanghvi Movers Shares Up 2765% in 4 Years - 18 Apr, 2024

Sanghvi Movers, the largest crane rental company in India and Asia, has seen its shares rise by 2765% over the past four years. The company posted a consolidated net profit of ₹61 crore for Q3 FY24, a significant 74% jump from the previous quarter. With the Indian government's commitment to infrastructure development, the crane rental market is primed for growth.

Sanghvi Movers Ltd Shares Surge 27% in 30 Days - 04 Apr, 2024

Sanghvi Movers Ltd shares have gained 27% in the last thirty days, with an annual gain of 289%. However, the P/E ratio is high and there has been no growth over the past three years. The sole analyst covering the company predicts a modest earnings growth of 1.5% next year. Investors are hoping for a turnaround, but analysts remain cautious.

Sanghvi Movers Surges on Strong Q3 Results and New Subsidiary - 26 Mar, 2024

Sanghvi Movers' shares rise 9% to a 52-week high following strong Q3 results, with consolidated net profit up 76% YoY. The company also incorporates a new subsidiary, Sangreen Renewables, to provide turnkey services for wind turbine generator projects.

Sanghvi Movers Ltd Stock Price Rises by 56% - 22 Mar, 2024

Sanghvi Movers Ltd's stock price has risen significantly by 56% in the past couple of months on NSEI. The company's current P/E ratio is slightly above its industry peers, but still reasonable. However, with muted profit growth expected over the next year, growth may not be a key driver for buying decisions in the short term.