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FORBES & CO.. Gains 11%; BSE CAPITAL GOODS Index Down 0.4%
Tue, 17 Sep 10:55

FORBES & CO.. Gains 11%; BSE CAPITAL GOODS Index Down 0.4%Image source: phive2015/www.istockphoto.com

FORBES & CO.. share price has zoomed 11% and is presently trading at Rs 704.1.

Meanwhile, the BSE CAPITAL GOODS index is at 72,793.0 (down 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 3.8%) and Thermax (up 1.4%).

HINDUSTAN AERO. (down 2.1%) and Bharat Electronics (down 1.8%) are among the top losers today.

Over the last one year, FORBES & CO.. has moved up from Rs 674.5 to Rs 704.1, registering a gain of Rs 29.6 (up 4.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,739.4 to 72,793.0, registering a gain of 55.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 126.7%), Bharat Electronics (up 109.8%) and BHEL (up 106.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,973.0 .

The top losers among the BSE Sensex today are Tata Motors (down 2.1%) and MUNDRA PORT & SEZ (down 1.1%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 25,396.3 (up 0.1%). Hero Motocorp and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,467.0 to 82,973.0, registering a gain of 15,506.0 points (up 23.0%).

FORBES & CO.. Financial Update...

FORBES & CO.. net profit fell 52.8% YoY to Rs 52 million for the quarter ended June 2024, compared to a profit of Rs 110 million a year ago. Net sales rose 214.8% to Rs 358 million during the period as against Rs 114 million in April-June 2023.

For the year ended March 2024, FORBES & CO.. reported 89.4% decrease in net profit to Rs 189 million compared to net profit of Rs 1,792 million during FY23. Revenue of the company grew 169.4% to Rs 1,259 million during FY24.

The current Price to earnings ratio of FORBES & CO.., based on rolling 12 month earnings, stands at 31.3.


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