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COROMANDEL ENG. Gains 5%; BSE REALTY Index Down 0.2%
Mon, 7 Oct 10:3

COROMANDEL ENG. Gains 5%; BSE REALTY Index Down 0.2%Image source: Sakorn BernardaSv/www.istockphoto.com

COROMANDEL ENG. share price has zoomed 5% and is presently trading at Rs 64.5.

Meanwhile, the BSE REALTY index is at 8,043.6 (down 0.2%).

Among the top gainers in the BSE REALTY index today are Godrej Properties (up 1.2%) and Brigade Enterprises (up 0.1%).

MAHINDRA LIFESPACE (down 4.8%) and Sobha (down 3.6%) are among the top losers today.

Over the last one year, COROMANDEL ENG. has moved up from Rs 0.0 to Rs 64.5, registering a gain of Rs 64.5 .

On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,043.6, registering a gain of 73.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 177.2%), Sobha (up 154.8%) and Brigade Enterprises (up 135.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,968.4 (up 0.3%).

The top gainers among the BSE Sensex today are ITC (up 2.1%) and ICICI Bank (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,077.8 (up 0.3%). ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,968.4, registering a gain of 16,456.3 points (up 25.1%).

COROMANDEL ENG. Financial Update...

COROMANDEL ENG. net profit fell 97.5% YoY to Rs -32 million for the quarter ended June 2024, compared to a loss of Rs 16 million a year ago. Net sales declined 66.9% to Rs 76 million during the period as against Rs 229 million in April-June 2023.

For the year ended March 2023, COROMANDEL ENG. reported 43.4% increase in net profit to Rs -45 million compared to net loss of Rs 80 million during FY22. Revenue of the company fell 4.9% to Rs 1,265 million during FY23.

The current Price to earnings ratio of COROMANDEL ENG., based on rolling 12 month earnings, stands at -29.0.

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