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COROMANDEL ENG. Gains 5%; BSE REALTY Index Down 0.7%
Wed, 10 Jul 11:55

COROMANDEL ENG. Gains 5%; BSE REALTY Index Down 0.7%Image source: StarLineArts/www.istockphoto.com

COROMANDEL ENG. share price has zoomed 5% and is presently trading at Rs 66.6.

Meanwhile, the BSE REALTY index is at 8,738.1 (down 0.7%).

Among the top gainers in the BSE REALTY index today are Brigade Enterprises (up 3.1%) and Godrej Properties (up 1.0%).

INDIABULLS REAL EST (down 4.0%) and Phoenix Mill (down 3.1%) are among the top losers today.

Over the last one year, COROMANDEL ENG. has moved up from Rs 0.0 to Rs 66.6, registering a gain of Rs 66.6 .

On the other hand, the BSE REALTY index has moved up from 4,216.3 to 8,738.1, registering a gain of 107.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 263.1%), PRESTIGE ESTATES (up 198.4%) and Phoenix Mill (up 147.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,682.9 (down 0.8%).

The top losers among the BSE Sensex today are M&M (down 7.5%) and HCl Tech. (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,275.0 (down 0.7%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,682.9, registering a gain of 14,338.8 points (up 21.9%).

COROMANDEL ENG. Financial Update...

COROMANDEL ENG. net profit grew 29.8% YoY to Rs -11 million for the quarter ended December 2023, compared to a loss of Rs 15 million a year ago. Net sales declined 23.0% to Rs 216 million during the period as against Rs 280 million in October-December 2022.

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 -47.0.

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