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Engineers India Gains 4%; BSE CAPITAL GOODS Index Up 0.6%
Thu, 11 Jul 10:11

Engineers India Gains 4%; BSE CAPITAL GOODS Index Up 0.6%Image source: peterschreiber.media/www.istockphoto.com

Engineers India share price has zoomed 4% and is presently trading at Rs 272.3.

Meanwhile, the BSE CAPITAL GOODS index is at 75,681.8 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 2.6%) and SCHAEFFLER INDIA (up 1.9%).

Thermax (down 1.8%) and TIMKEN INDIA (down 1.2%) are among the top losers today.

Over the last one year, Engineers India has moved up from Rs 120.4 to Rs 272.3, registering a gain of Rs 151.9 (up 126.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,584.0 to 75,681.8, registering a gain of 86.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 264.9%), HINDUSTAN AERO. (up 191.3%) and Bharat Electronics (up 172.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,977.5 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.5%) and Tata Motors (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,348.5 (up 0.1%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,977.5, registering a gain of 14,633.3 points (up 22.4%).

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 42.5.


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