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COMMERCIAL ENGINEERS Gains 7%; BSE REALTY Index Up 0.9%
Wed, 30 Oct 12:57

COMMERCIAL ENGINEERS Gains 7%; BSE REALTY Index Up 0.9%Image source: hudiemm/www.istockphoto.com

COMMERCIAL ENGINEERS share price has zoomed 7% and is presently trading at Rs 496.9.

Meanwhile, the BSE REALTY index is at 7,900.1 (up 0.9%).

Among the top gainers in the BSE REALTY index today are Phoenix Mill (up 4.9%) and PRESTIGE ESTATES (up 3.3%).

Godrej Properties (down 1.0%) and OBEROI REALTY (down 0.6%) are among the top losers today.

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 317.0 to Rs 496.9, registering a gain of Rs 179.9 (up 56.7%).

On the other hand, the BSE REALTY index has moved up from 4,714.3 to 7,900.1, registering a gain of 67.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 131.2%), PRESTIGE ESTATES (up 121.1%) 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 80,282.1 (down 0.1%).

The top losers among the BSE Sensex today are ICICI Bank (down 1.7%) and Infosys (down 1.3%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,449.9 (down 0.1%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,282.1, registering a gain of 16,169.5 points (up 25.2%).

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 58.2.


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