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Engineers India Plunges 4%; BSE CAPITAL GOODS Index Down 1.1%
Thu, 18 Jul 9:36

Engineers India Plunges 4%; BSE CAPITAL GOODS Index Down 1.1%Image source: DNY59/www.istockphoto.com

Engineers India share price has plunged 4% and is presently trading at Rs 275.7.

Meanwhile, the BSE CAPITAL GOODS index is at 73,610.3 (down 1.1%).

Among the top losers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (down 3.8%) and Siemens (down 1.9%).

SCHAEFFLER INDIA (up 2.9%) and TIMKEN INDIA (up 2.1%) are among the top gainers today.

Over the last one year, Engineers India has moved up from Rs 128.7 to Rs 275.7, registering a gain of Rs 147.0 (up 114.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 73,610.3, registering a gain of 77.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 239.2%), HINDUSTAN AERO. (up 168.6%) and Bharat Electronics (up 152.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,490.0 (down 0.3%).

The top losers among the BSE Sensex today are Asian Paints (down 2.0%) and Bajaj Finance (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,527.9 (down 0.4%). Bajaj Auto and Asian Paints are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,490.0, registering a gain of 13,900.1 points (up 20.9%).

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 43.0.


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