GSFC Plunges by 6%; BSE 500 Index Down 6.5%

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GSFC Plunges by 6%; BSE 500 Index Down 6.5%
Thu, 19 Mar 09:37 AM

GSFC share price has plunged 6% and is presently trading at Rs 40.

Meanwhile, the BSE 500 Index is at 10,739 (down 6.5%).

Among the top losers in the BSE 500 Index today are GSFC (down 5.8%) and HONEYWELL AUTOMATION (down 8.2%).

VODAFONE IDEA (up 1.9%) and THOMAS COOK INDIA (up 1.2%) are among the top gainers today.

Over the last one year, GSFC has moved down from Rs 102 to Rs 40, registering a loss of Rs 62 (down 61.1%)..

The BSE 500 has moved down from 15,069 to 10,739, loss of 4,330 points (down 28.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 236.0%), ABBOTT INDIA (up 79.2%) and GUJARAT GAS (up 51.1%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.3%).

In the meantime, NSE Nifty is at 8,099 (down 6.2%). POWER GRID (up 2.1%) and NTPC (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 28.96%).

GSFC Financial Update...

GSFC net profit down at Rs 559 million for the quarter ended September 2019, compared to a loss of Rs 989 million a year ago. Net Sales rose 17.9% to Rs 23.5 billion during the period as against Rs 19.9 billion in July-September 2018.

For the year ended March 2019, GSFC reported 4.1% increase in net profit to Rs 4.9 billion compared to net profit of Rs 4.7 billion during FY18.

Revenue of the company grew 34.7% to Rs 85 billion during FY19.

The current Price to earnings ratio of GSFC, based on rolling 12 month earnings, stands at 4.7x.

What else is happening in the markets today? Dig in...

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