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COMMERCIAL ENGINEERS Plunges 3%; BSE REALTY Index Down 0.1%
Tue, 24 Sep 15:0

COMMERCIAL ENGINEERS Plunges 3%; BSE REALTY Index Down 0.1%Image source: bluebay2014/www.istockphoto.com

COMMERCIAL ENGINEERS share price has plunged 3% and is presently trading at Rs 523.6.

Meanwhile, the BSE REALTY index is at 8,782.7 (down 0.1%).

Among the top losers in the BSE REALTY index today are Sobha (down 2.4%) and SUNTECK REALTY (down 1.4%).

Phoenix Mill (up 1.5%) and DLF (up 1.2%) are among the top gainers today.

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 319.4 to Rs 523.6, registering a gain of Rs 204.2 (up 63.9%).

On the other hand, the BSE REALTY index has moved up from 4,578.0 to 8,782.7, registering a gain of 91.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 212.0%), Sobha (up 205.3%) and Brigade Enterprises (up 128.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,153.8 (up 0.3%).

The top gainers among the BSE Sensex today are Tata Steel (up 4.4%) and Power Grid Corp. (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,962.8 (up 0.1%). Tata Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 85,153.8, registering a gain of 18,353.0 points (up 27.5%).

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 61.3.


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