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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 6%; BSE CAPITAL GOODS Index Up 0.4%
Wed, 26 Jun 9:29

GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 6%; BSE CAPITAL GOODS Index Up 0.4%Image source: phive2015/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 6% and is presently trading at Rs 2,060.2.

Meanwhile, the BSE CAPITAL GOODS index is at 72,970.0 (up 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 1.3%) and L&T (up 1.0%).

SCHAEFFLER INDIA (down 1.6%) and Finolex Cables (down 1.0%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 590.5 to Rs 2,060.2, registering a gain of Rs 1,469.7 (up 248.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,563.3 to 72,970.0, registering a gain of 84.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 251.8%), HINDUSTAN AERO. (up 190.4%) and Bharat Electronics (up 155.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,074.0 .

The top gainers among the BSE Sensex today are Ultratech Cement (up 1.6%) and ICICI Bank (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,703.8 (down 0.1%). APOLLO HOSPITALS and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,074.0, registering a gain of 15,104.0 points (up 24.0%).

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 66.1.


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