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GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 11%; BSE CAPITAL GOODS Index Up 0.9%
Tue, 18 Jun 11:50

GARDEN REACH SHIPBUILDERS & ENGINEERS share price has zoomed 11% and is presently trading at Rs 1,814.1.

Meanwhile, the BSE CAPITAL GOODS index is at 73,878.6 (up 0.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 5.2%) and V GUARD IND. (up 3.2%).

ABB (down 1.8%) and GRINDWELL NORTON (down 1.6%) are among the top losers today.

Over the last one year, GARDEN REACH SHIPBUILDERS & ENGINEERS has moved up from Rs 563.1 to Rs 1,814.1, registering a gain of Rs 1,251.1 (up 222.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,514.1 to 73,878.6, registering a gain of 87.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 260.3%), HINDUSTAN AERO. (up 200.6%) and Bharat Electronics (up 161.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,268.3 (up 0.4%).

The top gainers among the BSE Sensex today are Wipro (up 2.5%) and Titan (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,542.3 (up 0.3%). Wipro and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,143.2 to 77,268.3, registering a gain of 14,125.1 points (up 22.4%).

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 58.2.


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