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COMMERCIAL ENGINEERS Plunges 5%; BSE REALTY Index Up 0.9%
Tue, 16 Jul 9:34

COMMERCIAL ENGINEERS Plunges 5%; BSE REALTY Index Up 0.9%Image source: ThinkNeo/www.istockphoto.com

COMMERCIAL ENGINEERS share price has plunged 5% and is presently trading at Rs 667.6.

Meanwhile, the BSE REALTY index is at 8,736.9 (up 0.9%).

Brigade Enterprises (up 2.6%) and Sobha (up 2.1%) are among the top gainers today.

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 172.0 to Rs 667.6, registering a gain of Rs 495.6 (up 288.2%).

On the other hand, the BSE REALTY index has moved up from 4,228.0 to 8,736.9, registering a gain of 106.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 253.5%), PRESTIGE ESTATES (up 203.9%) and Phoenix Mill (up 157.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,779.0 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.2%) and M&M (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,779.0, registering a gain of 15,385.1 points (up 23.5%).

COMMERCIAL ENGINEERS Financial Update...

COMMERCIAL ENGINEERS net profit grew 165.8% YoY to Rs 1,062 million for the quarter ended March 2024, compared to a profit of Rs 400 million a year ago. Net sales rose 56.7% to Rs 11,154 million during the period as against Rs 7,117 million in January-March 2023.

For the year ended March 2023, COMMERCIAL ENGINEERS reported 143.0% increase in net profit to Rs 1,207 million compared to net profit of Rs 497 million during FY22. Revenue of the company grew 75.5% to Rs 20,682 million during FY23.

The current Price to earnings ratio of COMMERCIAL ENGINEERS, based on rolling 12 month earnings, stands at 84.9.


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