FORBES & CO. LTD. Surges by 5%; BSE CAPITAL GOODS Index Up 1.7%
July 9, 2019 01:46 PM

FORBES & CO. LTD. share price has zoomed 5% and is presently trading at Rs 1,838.

Meanwhile, the BSE CAPITAL GOODS Index is at 19,310 (up 1.7%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is FORBES & CO. LTD. (up 5.1%).

V GUARD INDUSTRIES and SKF INDIA (down 0.1%) are among the top losers today.

Over the last one year, FORBES & CO. LTD. has moved down from Rs 2,683 to Rs 1,838, registering a loss of Rs 845 (down 31.5%).

On the other hand, the BSE CAPITAL GOODS has moved up from 17,780 to 19,310, registering a gain of 1,530 points (up 8.3%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 33.7%), HONEYWELL AUTOMATION (up 30.0%) and ABB INDIA (up 27.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,814 .

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.6%), SUN PHARMA (up 5.1%) and L&T (up 2.7%). Other gainers include RELIANCE IND. (up 1.9%) and HERO MOTOCORP (up 1.8%). The most traded stocks in the BSE Sensex are TATA MOTORS and SBI.

In the meantime, NSE Nifty is at 11,583 (down 0.2%). BAJAJ FINANCE (up 5.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,935 to 38,814, registering a gain of 2,879 points (up 7.7%).

FORBES & CO. LTD. Financial Update...

FORBES & CO. LTD. net profit stood at Rs 25 million for the quarter ended September 2000, compared to a profit of Rs 15 million a year ago. Net Sales declined 5.3% to Rs 913.0 million during the period as against Rs 964.0 million in July-September 1999.

For the year ended March 2002, FORBES & CO. LTD. reported 35.2% increase in net profit to Rs 96.0 million compared to net profit of Rs 71.0 million during FY01.

Revenue of the company grew 15.8% to Rs 3 billion during FY02.

The current Price to earnings ratio of FORBES & CO. LTD., based on rolling 12 month earnings, stands at 68.5x.