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COMMERCIAL ENGINEERS Gains 8%; BSE REALTY Index Up 1.7%
Fri, 13 Sep 13:47

COMMERCIAL ENGINEERS Gains 8%; BSE REALTY Index Up 1.7%Image source: Nikada/www.istockphoto.com

COMMERCIAL ENGINEERS share price has zoomed 8% and is presently trading at Rs 561.7.

Meanwhile, the BSE REALTY index is at 8,229.6 (up 1.7%).

Among the top gainers in the BSE REALTY index today are DLF (up 3.1%) and Godrej Properties (up 2.8%).

Phoenix Mill (down 1.0%) and PRESTIGE ESTATES (down 0.1%) are among the top losers today.

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 374.0 to Rs 561.7, registering a gain of Rs 187.7 (up 50.2%).

On the other hand, the BSE REALTY index has moved up from 4,774.4 to 8,229.6, registering a gain of 72.4% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 192.1%), Sobha (up 168.3%) and Brigade Enterprises (up 110.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,876.0 (down 0.1%).

The top losers among the BSE Sensex today are ITC (down 1.3%) and MUNDRA PORT & SEZ (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,364.8 (down 0.1%). SBI LIFE INSURANCE and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,876.0, registering a gain of 15,749.0 points (up 23.5%).

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 65.8.


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