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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 5%; BSE CAPITAL GOODS Index Up 0.4%
Thu, 19 Sep 9:20

GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 5%; BSE CAPITAL GOODS Index Up 0.4%Image source: Sakorn BernardaSv/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 5% and is presently trading at Rs 1,794.3.

Meanwhile, the BSE CAPITAL GOODS index is at 73,059.6 (up 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.4%) and Siemens (up 1.1%).

GRINDWELL NORTON (down 1.1%) and Lakshmi Machine (down 0.9%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 823.0 to Rs 1,794.3, registering a gain of Rs 971.3 (up 118.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 73,059.6, registering a gain of 55.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 122.9%), BHEL (up 110.5%) and Bharat Electronics (up 102.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,359.2 (up 0.5%).

The top gainers among the BSE Sensex today are NTPC (up 2.8%) and HCl Tech. (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,487.1 (up 0.4%). NTPC and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,359.2, registering a gain of 15,762.3 points (up 23.3%).

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 55.9.


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