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GARDEN REACH SHIPBUILDERS & ENGINEERS Plunges 5%; BSE CAPITAL GOODS Index Down 1.3%
Mon, 7 Oct 10:33

GARDEN REACH SHIPBUILDERS & ENGINEERS Plunges 5%; BSE CAPITAL GOODS Index Down 1.3%Image source: DNY59/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has plunged 5% and is presently trading at Rs 1,581.5.

Meanwhile, the BSE CAPITAL GOODS index is at 69,390.4 (down 1.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Graphite India (down 4.2%) and Finolex Cables (down 3.5%).

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 830.0 to Rs 1,581.5, registering a gain of Rs 751.6 (up 90.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 69,390.4, registering a gain of 43.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 115.0%), Siemens (up 102.0%) and BHEL (up 99.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,883.0 (up 0.2%).

The top gainers among the BSE Sensex today are ITC (up 1.8%) and ICICI Bank (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,020.7 . ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,883.0, registering a gain of 16,370.9 points (up 25.0%).

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 49.3.


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