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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 5%; BSE CAPITAL GOODS Index Up 0.9%
Wed, 27 Nov 9:55

GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 5%; BSE CAPITAL GOODS Index Up 0.9%Image source: Eoneren/www.istockphoto.com

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 5% and is presently trading at Rs 1,608.6.

Meanwhile, the BSE CAPITAL GOODS index is at 70,174.8 (up 0.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are Siemens (up 3.8%) and Bharat Electronics (up 2.4%).

Thermax (down 1.1%) and AIA Engineering (down 0.5%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 829.1 to Rs 1,608.6, registering a gain of Rs 779.5 (up 94.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,868.6 to 70,174.8, 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 115.8%), Siemens (up 106.4%) and HINDUSTAN AERO. (up 94.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,964.1 .

The top losers among the BSE Sensex today are Indusind Bank (down 1.3%) and Bharti Airtel (down 1.1%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 24,183.6 (down 0.1%). Indusind Bank and Cipla are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,964.1, registering a gain of 13,789.9 points (up 20.8%).

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 47.9.


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