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Engineers India Gains 5%; BSE CAPITAL GOODS Index Up 1.9%
Tue, 8 Oct 11:29

Engineers India Gains 5%; BSE CAPITAL GOODS Index Up 1.9%Image source: DNY59/www.istockphoto.com

Engineers India share price has zoomed 5% and is presently trading at Rs 198.9.

Meanwhile, the BSE CAPITAL GOODS index is at 70,071.2 (up 1.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 4.3%) and Bharat Electronics (up 3.4%).

Thermax (down 0.9%) and GRINDWELL NORTON (down 0.7%) are among the top losers today.

Over the last one year, Engineers India has moved up from Rs 142.7 to Rs 198.9, registering a gain of Rs 56.3 (up 39.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,570.0 to 70,071.2, registering a gain of 47.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 126.7%), BHEL (up 108.0%) and Siemens (up 106.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,472.3 (up 0.5%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.6%) and M&M (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,964.2 (up 0.7%). Trent and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,472.3, registering a gain of 16,246.2 points (up 24.9%).

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 36.9.


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