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GARDEN REACH SHIPBUILDERS & ENGINEERS Plunges 4%; BSE CAPITAL GOODS Index Up 1.5%
Tue, 6 Aug 12:23

GARDEN REACH SHIPBUILDERS & ENGINEERS Plunges 4%; BSE CAPITAL GOODS Index Up 1.5%Image source: Chunumunu/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has plunged 4% and is presently trading at Rs 2,123.5.

Meanwhile, the BSE CAPITAL GOODS index is at 71,501.4 (up 1.5%).

Among the top losers in the BSE CAPITAL GOODS index today are Honeywell Automation (down 1.6%) and SKF India (down 1.0%).

Finolex Cables (up 3.8%) and GMR Infra (up 3.1%) are among the top gainers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 601.5 to Rs 2,123.5, registering a gain of Rs 1,522.0 (up 253.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,066.5 to 71,501.4, registering a gain of 66.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 195.7%), HINDUSTAN AERO. (up 147.8%) and Bharat Electronics (up 134.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,322.3 (up 0.7%).

The top gainers among the BSE Sensex today are JSW Steel (up 3.0%) and HCl Tech. (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,223.8 (up 0.7%). Adani Enterprises and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,322.3, registering a gain of 13,539.5 points (up 20.6%).

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 68.1.


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