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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 4%; BSE CAPITAL GOODS Index Up 0.0%
Fri, 18 Oct 13:43

GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 4%; BSE CAPITAL GOODS Index Up 0.0%Image source: Eoneren/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 4% and is presently trading at Rs 1,812.1.

Meanwhile, the BSE CAPITAL GOODS index is at 71,837.3 .

Among the top gainers in the BSE CAPITAL GOODS index today are Honeywell Automation (up 1.9%) and Siemens (up 1.2%).

TIMKEN INDIA (down 3.8%) and AIA Engineering (down 2.2%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 810.7 to Rs 1,812.1, registering a gain of Rs 1,001.4 (up 123.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,111.6 to 71,837.3, registering a gain of 49.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.5%), Siemens (up 116.8%) and Bharat Electronics (up 108.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,312.9 (up 0.4%).

The top gainers among the BSE Sensex today are Axis Bank (up 6.0%) and Tata Motors (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,858.1 (up 0.4%). Axis Bank and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,312.9, registering a gain of 15,146.0 points (up 22.9%).

GARDEN REACH SHIPBUILDERS & ENGINEERS Financial Update...

GARDEN REACH SHIPBUILDERS & ENGINEERS net profit grew 13.7% YoY to Rs 872 million for the quarter ended June 2024, compared to a profit of Rs 767 million a year ago. Net sales rose 33.6% to Rs 10,097 million during the period as against Rs 7,559 million in April-June 2023.

For the year ended March 2024, GARDEN REACH SHIPBUILDERS & ENGINEERS reported 56.6% increase in net profit to Rs 3,573 million compared to net profit of Rs 2,281 million during FY23. Revenue of the company grew 40.3% to Rs 35,926 million during FY24.

The current Price to earnings ratio of GARDEN REACH SHIPBUILDERS & ENGINEERS, based on rolling 12 month earnings, stands at 56.4.


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