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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 6%; BSE CAPITAL GOODS Index Up 0.7%
Tue, 26 Nov 9:39

GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 6%; BSE CAPITAL GOODS Index Up 0.7%Image source: asbe/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 6% and is presently trading at Rs 1,513.3.

Meanwhile, the BSE CAPITAL GOODS index is at 70,090.5 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.4%) and Thermax (up 2.3%).

ADANI GREEN ENERGY (down 1.3%) and TIMKEN INDIA (down 0.7%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 805.1 to Rs 1,513.3, registering a gain of Rs 708.2 (up 88.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,793.2 to 70,090.5, registering a gain of 43.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 110.5%), HINDUSTAN AERO. (up 107.7%) and Siemens (up 107.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,362.6 (up 0.3%).

The top gainers among the BSE Sensex today are Infosys (up 2.2%) and Tata Steel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,312.2 (up 0.4%). Bharat Electronics and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 80,362.6, registering a gain of 14,339.3 points (up 21.7%).

GARDEN REACH SHIPBUILDERS & ENGINEERS Financial Update...

GARDEN REACH SHIPBUILDERS & ENGINEERS net profit grew 21.1% YoY to Rs 978 million for the quarter ended September 2024, compared to a profit of Rs 807 million a year ago. Net sales rose 28.4% to Rs 11,529 million during the period as against Rs 8,979 million in July-September 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 45.0.


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