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FORBES & CO.. Plunges 7%; BSE CAPITAL GOODS Index Down 0.8%
Tue, 13 Aug 14:54

FORBES & CO.. Plunges 7%; BSE CAPITAL GOODS Index Down 0.8%Image source: Chunumunu/www.istockphoto.com

FORBES & CO.. share price has plunged 7% and is presently trading at Rs 570.9.

Meanwhile, the BSE CAPITAL GOODS index is at 72,011.8 (down 0.8%).

Among the top losers in the BSE CAPITAL GOODS index today are AIA Engineering (down 5.5%) and BHEL (down 2.4%).

V GUARD IND. (up 2.9%) and Thermax (up 1.6%) are among the top gainers today.

Over the last one year, FORBES & CO.. has moved down from Rs 673.1 to Rs 570.9, registering a loss of Rs 102.2 (down 15.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,553.3 to 72,011.8, registering a gain of 65.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 188.3%), HINDUSTAN AERO. (up 146.1%) and Bharat Electronics (up 124.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,946.8 (down 0.9%).

The top losers among the BSE Sensex today are HDFC Bank (down 3.3%) and Tata Motors (down 2.2%). The most traded stocks in the BSE Sensex are Reliance Ind. and Tata Steel.

In the meantime, NSE Nifty is at 24,131.7 (down 0.9%). BPCL and HDFC Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 78,946.8, registering a gain of 12,951.0 points (up 19.6%).

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 25.4.


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