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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 5%; BSE CAPITAL GOODS Index Up 0.9%
Tue, 3 Sep 9:31

GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 5%; BSE CAPITAL GOODS Index Up 0.9%Image source: Sefa Ozel/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 5% and is presently trading at Rs 1,925.3.

Meanwhile, the BSE CAPITAL GOODS index is at 73,227.7 (up 0.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 3.1%) and TIMKEN INDIA (up 2.0%).

Honeywell Automation (down 1.6%) and ADANI GREEN ENERGY (down 1.1%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 803.3 to Rs 1,925.3, registering a gain of Rs 1,122.1 (up 139.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,016.4 to 73,227.7, registering a gain of 62.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 147.3%), BHEL (up 144.2%) and Bharat Electronics (up 123.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,520.3 .

The top losers among the BSE Sensex today are Bajaj Finance (down 1.0%) and Tech Mahindra (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,267.2 (down 0.1%). Bajaj Finance and Bajaj Finserv are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,520.3, registering a gain of 17,433.1 points (up 26.8%).

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 60.0.


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