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COMMERCIAL ENGINEERS Plunges 4%; BSE REALTY Index Down 2.6%
Tue, 22 Oct 10:25

COMMERCIAL ENGINEERS Plunges 4%; BSE REALTY Index Down 2.6%Image source: bluebay2014/www.istockphoto.com

COMMERCIAL ENGINEERS share price has plunged 4% and is presently trading at Rs 492.0.

Meanwhile, the BSE REALTY index is at 7,857.5 (down 2.6%).

Among the top losers in the BSE REALTY index today are Phoenix Mill (down 4.6%) and SUNTECK REALTY (down 3.6%).

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 304.8 to Rs 492.0, registering a gain of Rs 187.2 (up 61.4%).

On the other hand, the BSE REALTY index has moved up from 4,846.7 to 7,857.5, registering a gain of 62.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 132.4%), Sobha (up 123.3%) and Brigade Enterprises (up 96.5%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,968.0 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 2.0%) and Tata Steel (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,719.8 (down 0.3%). Tata Motors and Tata Steel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,877.0 to 80,968.0, registering a gain of 15,091.0 points (up 22.9%).

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 2024, COMMERCIAL ENGINEERS reported 174.3% increase in net profit to Rs 3,310 million compared to net profit of Rs 1,207 million during FY23. Revenue of the company grew 76.2% to Rs 36,437 million during FY24.

The current Price to earnings ratio of COMMERCIAL ENGINEERS, based on rolling 12 month earnings, stands at 57.6.

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