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COMMERCIAL ENGINEERS Gains 6%; BSE REALTY Index Up 0.1%
Thu, 31 Oct 9:26

COMMERCIAL ENGINEERS Gains 6%; BSE REALTY Index Up 0.1%Image source: ipopba/www.istockphoto.com

COMMERCIAL ENGINEERS share price has zoomed 6% and is presently trading at Rs 503.0.

Meanwhile, the BSE REALTY index is at 7,836.5 (up 0.1%).

Among the top gainers in the BSE REALTY index today are Phoenix Mill (up 1.9%) and MAHINDRA LIFESPACE (up 1.0%).

Godrej Properties (down 1.3%) and PRESTIGE ESTATES (down 0.9%) are among the top losers today.

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 317.0 to Rs 503.0, registering a gain of Rs 186.0 (up 58.7%).

On the other hand, the BSE REALTY index has moved up from 4,714.3 to 7,836.5, registering a gain of 66.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 134.0%), PRESTIGE ESTATES (up 117.3%) and Brigade Enterprises (up 95.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,820.3 (down 0.2%).

The top losers among the BSE Sensex today are Tech Mahindra (down 1.9%) and Infosys (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,293.5 (down 0.2%). Tech Mahindra and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 79,820.3, registering a gain of 15,707.7 points (up 24.5%).

COMMERCIAL ENGINEERS Financial Update...

COMMERCIAL ENGINEERS net profit grew 45.4% YoY to Rs 917 million for the quarter ended June 2024, compared to a profit of Rs 631 million a year ago. Net sales rose 16.8% to Rs 8,799 million during the period as against Rs 7,532 million in April-June 2023.

For the year ended March 2024, COMMERCIAL ENGINEERS reported 174.3% increase in net profit to Rs 3,310 million compared to net profit of Rs 1,207 million during FY23. Revenue of the company grew 76.2% to Rs 36,437 million during FY24.

The current Price to earnings ratio of COMMERCIAL ENGINEERS, based on rolling 12 month earnings, stands at 58.9.


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