GARDEN REACH SHIPBUILDERS & ENGINEERS share price has plunged 7% and is presently trading at Rs 1,645.2.
Meanwhile, the BSE CAPITAL GOODS index is at 71,779.2 (down 1.0%).
Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 3.1%) and TIMKEN INDIA (down 2.8%).
V GUARD IND. (up 3.0%) and SCHAEFFLER INDIA (up 1.3%) are among the top gainers today.
Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 593.1 to Rs 1,645.2, registering a gain of Rs 1,052.1 (up 177.4%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 39,944.1 to 71,779.2, registering a gain of 79.7% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.4%), HINDUSTAN AERO. (up 168.7%) and Bharat Electronics (up 143.6%).
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The BSE Sensex is at 77,209.9 (down 0.4%).
The top losers among the BSE Sensex today are Ultratech Cement (down 2.2%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.
In the meantime, NSE Nifty is at 23,501.1 (down 0.3%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 63,327.7 to 77,209.9, registering a gain of 13,882.2 points (up 21.9%).
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 52.7.
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