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COMMERCIAL ENGINEERS Plunges 8%; BSE REALTY Index Down 4.7%
Mon, 5 Aug 11:31

COMMERCIAL ENGINEERS Plunges 8%; BSE REALTY Index Down 4.7%Image source: Sefa Ozel/www.istockphoto.com

COMMERCIAL ENGINEERS share price has plunged 8% and is presently trading at Rs 565.1.

Meanwhile, the BSE REALTY index is at 7,714.5 (down 4.7%).

Among the top losers in the BSE REALTY index today are Godrej Properties (down 6.1%) and INDIABULLS REAL EST (down 5.9%).

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 203.6 to Rs 565.1, registering a gain of Rs 361.6 (up 177.6%).

On the other hand, the BSE REALTY index has moved up from 4,455.6 to 7,714.5, registering a gain of 73.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 183.7%), Sobha (up 180.1%) and Brigade Enterprises (up 92.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,577.0 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.9%) and Tata Steel (down 5.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,006.5 (down 2.9%). 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 78,577.0, registering a gain of 12,117.7 points (up 18.2%).

COMMERCIAL ENGINEERS Financial Update...

COMMERCIAL ENGINEERS net profit grew 45.4% YoY to Rs 917 million for the quarter ended June 2024, compared to a profit of Rs 631 million a year ago. Net sales rose 16.8% to Rs 8,799 million during the period as against Rs 7,532 million in April-June 2023.

For the year ended March 2023, COMMERCIAL ENGINEERS reported 143.0% increase in net profit to Rs 1,207 million compared to net profit of Rs 497 million during FY22. Revenue of the company grew 75.5% to Rs 20,682 million during FY23.

The current Price to earnings ratio of COMMERCIAL ENGINEERS, based on rolling 12 month earnings, stands at 66.2.

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