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%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
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 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.
Equitymaster requests your view! Post a comment on "GARDEN REACH SHIPBUILDERS & ENGINEERS Gains 11%; BSE CAPITAL GOODS Index Up 0.9%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!