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Engineers India Plunges 3%; BSE CAPITAL GOODS Index Down 2.3%
Tue, 23 Jul 14:40

Engineers India Plunges 3%; BSE CAPITAL GOODS Index Down 2.3%Image source: KanawatTH/www.istockphoto.com

Engineers India share price has plunged 3% and is presently trading at Rs 259.3.

Meanwhile, the BSE CAPITAL GOODS index is at 71,027.3 (down 2.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Bharat Electronics (down 3.8%) and L&T (down 3.5%).

Lakshmi Machine (up 2.1%) and ADANI GREEN ENERGY (up 1.6%) are among the top gainers today.

Over the last one year, Engineers India has moved up from Rs 130.8 to Rs 259.3, registering a gain of Rs 128.5 (up 98.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,819.7 to 71,027.3, registering a gain of 69.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 222.4%), HINDUSTAN AERO. (up 150.7%) and Bharat Electronics (up 137.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,452.7 (down 0.1%).

The top losers among the BSE Sensex today are L&T (down 3.5%) and Bajaj Finance (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,494.4 (down 0.1%). L&T and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,097.4 to 80,452.7, registering a gain of 13,355.2 points (up 19.9%).

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 40.5.


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