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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 7%; BSE CAPITAL GOODS Index Up 1.0%
Mon, 24 Jun 21:5

GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 7%; BSE CAPITAL GOODS Index Up 1.0%Image source: phive2015/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 7% and is presently trading at Rs 1,751.9.

Meanwhile, the BSE CAPITAL GOODS index is at 72,489.2 (up 1.0%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 3.2%) and Thermax (up 3.1%).

SKF India (down 1.8%) and SCHAEFFLER INDIA (down 1.6%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 578.2 to Rs 1,751.9, registering a gain of Rs 1,173.7 (up 203.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,945.7 to 72,489.2, registering a gain of 81.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 239.1%), HINDUSTAN AERO. (up 178.9%) and Bharat Electronics (up 152.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,341.1 (up 0.2%).

The top gainers among the BSE Sensex today are M&M (up 2.8%) and Power Grid Corp. (up 2.2%). The most traded stocks in the BSE Sensex are SBI and ICICI Bank.

In the meantime, NSE Nifty is at 23,537.8 (up 0.2%). M&M and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,341.1, registering a gain of 13,817.9 points (up 21.8%).

GARDEN REACH SHIPBUILDERS & ENGINEERS Financial Update...

GARDEN REACH SHIPBUILDERS & ENGINEERS net profit grew 101.8% YoY to Rs 1,116 million for the quarter ended March 2024, compared to a profit of Rs 553 million a year ago. Net sales rose 69.0% to Rs 10,157 million during the period as against Rs 6,012 million in January-March 2023.

For the year ended March 2023, GARDEN REACH SHIPBUILDERS & ENGINEERS reported 20.4% increase in net profit to Rs 2,281 million compared to net profit of Rs 1,895 million during FY22. Revenue of the company grew 46.0% to Rs 25,611 million during FY23.

The current Price to earnings ratio of GARDEN REACH SHIPBUILDERS & ENGINEERS, based on rolling 12 month earnings, stands at 56.2.


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