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Engineers India Gains 2%; BSE CAPITAL GOODS Index Up 0.8%
Tue, 25 Jun 9:34

Engineers India Gains 2%; BSE CAPITAL GOODS Index Up 0.8%Image source: asbe/www.istockphoto.com

Engineers India share price has zoomed 2% and is presently trading at Rs 253.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,083.0 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (up 3.8%) and V GUARD IND. (up 2.4%).

GRINDWELL NORTON (down 0.5%) and ADANI GREEN ENERGY (down 0.4%) are among the top losers today.

Over the last one year, Engineers India has moved up from Rs 119.5 to Rs 253.0, registering a gain of Rs 133.6 (up 111.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,945.7 to 73,083.0, registering a gain of 83.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 241.1%), HINDUSTAN AERO. (up 183.8%) and Bharat Electronics (up 155.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,513.4 (up 0.2%).

The top gainers among the BSE Sensex today are HDFC Bank (up 1.0%) and Ultratech Cement (up 0.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,578.6 (up 0.2%). HDFC Bank and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,513.4, registering a gain of 13,990.2 points (up 22.0%).

Engineers India Financial Update...

Engineers India net profit fell 42.9% YoY to Rs 896 million for the quarter ended March 2024, compared to a profit of Rs 1,569 million a year ago. Net sales declined 8.5% to Rs 8,051 million during the period as against Rs 8,801 million in January-March 2023.

For the year ended March 2023, Engineers India reported 0.4% increase in net profit to Rs 3,442 million compared to net profit of Rs 3,429 million during FY22. Revenue of the company grew 14.3% to Rs 33,282 million during FY23.

The current Price to earnings ratio of Engineers India, based on rolling 12 month earnings, stands at 39.5.


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