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Engineers India Plunges 7%; BSE CAPITAL GOODS Index Down 4.5%
Mon, 5 Aug 11:27

Engineers India Plunges 7%; BSE CAPITAL GOODS Index Down 4.5%Image source: DNY59/www.istockphoto.com

Engineers India share price has plunged 7% and is presently trading at Rs 239.3.

Meanwhile, the BSE CAPITAL GOODS index is at 70,204.4 (down 4.5%).

Among the top losers in the BSE CAPITAL GOODS index today are GMR Infra (down 7.0%) and Bharat Forge (down 6.3%).

Over the last one year, Engineers India has moved up from Rs 155.6 to Rs 239.3, registering a gain of Rs 83.7 (up 53.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,869.5 to 70,204.4, registering a gain of 60.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 174.5%), HINDUSTAN AERO. (up 133.8%) and Bharat Electronics (up 121.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,523.1 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.4%) and Tata Steel (down 5.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,523.1, registering a gain of 12,063.8 points (up 18.2%).

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 37.3.

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