Equity benchmark indices Sensex and Nifty tumbled in early trade on Tuesday, after two days of rally, dragged lower by IT stocks and weak Asian market trends.
Mumbai: Steel and aluminium products manufacturer Godha Cabcon & Insulation has reported a growth in financial performance for the quarter and financial year ended March 31, 2025. The company has also posted a year-on-year revenue growth. It has registered a jump in annual revenues, surging from Rs 16.76 crore in FY24 to Rs 17.55 crore in FY25.
The company’s net profit for FY25 stood at Rs 7.17 crore, up significantly from Rs 0.51 crore in the previous fiscal year.
Order From Overseas Metal and Alloys
Earlier, the company bagged a Rs 56.6-crore work order from Overseas Metal and Alloys. The order was for supply of HT power cables and aluminium weasel conductors, the company said in a statement.
“Godha Cabcon and Insulation Ltd secures a significant order from Overseas Metal & Alloys Pvt Ltd valued at Rs 566 million,” it said.
Godha Cabcon and Insulation Ltd is one of the leading manufacturers of high grade conductors, while Overseas Metal and Alloys manufactures aluminum ingots.
Stock Market Today
Equity benchmark indices Sensex and Nifty tumbled in early trade on Tuesday, after two days of rally, dragged lower by IT stocks and weak Asian market trends.
The 30-share BSE benchmark gauge Sensex dropped 460.38 points to 81,716.07 in early trade. The NSE Nifty declined 162.05 points to 24,839.10.
Later, the BSE benchmark traded 627.86 points lower at 81,548.59, and the Nifty quoted 178 points down at 24,807.95.
Investors turned cautious ahead of the release of industrial and manufacturing production data for April on Wednesday and the first quarter GDP numbers, scheduled to be announced later this week, experts said.
From the Sensex firms, NTPC, Mahindra & Mahindra, Bajaj Finserv, HCL Tech, Eternal, Tata Consultancy Services, Infosys, UltraTech Cement, Axis Bank and Tata Motors were among the laggards.
