GHCL Plunges by 5%; BSE 500 Index Down 0.7%
June 6, 2019 12:18 PM

GHCL share price has plunged 5% and is presently trading at Rs 263.

Meanwhile, the BSE 500 Index is at 15,655 (down 0.7%).

Among the top losers in the BSE 500 Index today are GHCL (down 5.0%) and INDIABULLS HOU. FIN. (down 5.8%).

INFO EDGE (up 4.4%) and POWER FINANCE CORPORATION (up 3.0%) are among the top gainers today.

Over the last one year, GHCL has moved down from Rs 270 to Rs 263, registering a loss of Rs 7 (down 2.6%)..

The BSE 500 has moved up from 14,550 to 15,655, registering a gain of 1,105 points (up 7.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 165.7%), VINATI ORGANICS (up 111.1%) and DCM SHRIRAM (up 100.5%).

What About the Benchmark Indices?

The BSE Sensex is at 40,159 (down 0.5%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 1.8%). The most traded stocks in the BSE Sensex are POWER GRID and COAL INDIA.

In the meantime, NSE Nifty is at 12,040 (down 0.7%). ASIAN PAINTS (up 2.0%) and HUL (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,012 to 40,159, registering a gain of 5,147 points (up 13.9%).

GHCL Financial Update...

GHCL net profit stood at Rs 1 billion for the quarter ended March 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 4.8% to Rs 9.1 billion during the period as against Rs 8.7 billion in January-March 2018.

For the year ended March 2019, GHCL reported 1.6% decrease in net profit to Rs 3.5 billion compared to net profit of Rs 3.6 billion during FY18.

Revenue of the company grew 12.5% to Rs 33 billion during FY19.

The current Price to earnings ratio of GHCL, based on rolling 12 month earnings, stands at 6.8x.