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Engineers India Gains 4%; BSE CAPITAL GOODS Index Up 0.1%
Wed, 28 Aug 12:4

Engineers India Gains 4%; BSE CAPITAL GOODS Index Up 0.1%Image source: Sakorn BernardaSv/www.istockphoto.com

Engineers India share price has zoomed 4% and is presently trading at Rs 224.5.

Meanwhile, the BSE CAPITAL GOODS index is at 73,728.3 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are GMR Infra (up 0.7%) and GRINDWELL NORTON (up 0.7%).

Lakshmi Machine (down 1.7%) and V GUARD IND. (down 1.6%) are among the top losers today.

Over the last one year, Engineers India has moved up from Rs 157.1 to Rs 224.5, registering a gain of Rs 67.5 (up 42.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,593.2 to 73,728.3, registering a gain of 65.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 170.6%), HINDUSTAN AERO. (up 141.2%) and Bharat Electronics (up 123.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,978.9 (up 0.3%).

The top gainers among the BSE Sensex today are Infosys (up 2.4%) and Indusind Bank (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 25,094.3 (up 0.3%). LTIMINDTREE and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,978.9, registering a gain of 16,982.3 points (up 26.1%).

Engineers India Financial Update...

Engineers India net profit fell 49.4% YoY to Rs 589 million for the quarter ended June 2024, compared to a profit of Rs 1,164 million a year ago. Net sales declined 23.8% to Rs 6,238 million during the period as against Rs 8,183 million in April-June 2023.

For the year ended March 2024, Engineers India reported 4.6% increase in net profit to Rs 3,602 million compared to net profit of Rs 3,442 million during FY23. Revenue of the company fell 1.4% to Rs 32,822 million during FY24.

The current Price to earnings ratio of Engineers India, based on rolling 12 month earnings, stands at 41.7.


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