ENGINEERS INDIA Surges by 5%; BSE CAPITAL GOODS Index Down 1.0%
March 19, 2019 12:06 PM

ENGINEERS INDIA share price has zoomed 5% and is presently trading at Rs 120.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,259 (down 1.0%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is ENGINEERS INDIA (up 5.0%).

SKF INDIA (down 0.4%) and SUZLON ENERGY (down 0.4%) are among the top losers today.

Over the last one year, ENGINEERS INDIA has moved down from Rs 157 to Rs 120, registering a loss of Rs 37 (down 23.7%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,349 to 18,259, loss of 90 points (down 1.5%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 49.1%), AIA ENGINEERING (up 25.8%) and SKF INDIA (up 11.4%).

What About the Benchmark Indices?

The BSE Sensex is at 38,244 (up 0.2%).

The top gainers among the BSE Sensex stocks today are ONGC (up 3.2%), BHARTI AIRTEL (up 2.0%) and SBI (up 1.8%). Other gainers include POWER GRID (up 1.6%) and SUN PHARMA (up 1.1%). The most traded stocks in the BSE Sensex are SUN PHARMA and YES BANK.

In the meantime, NSE Nifty is at 11,502 (up 0.2%). BHARTI INFRATEL (up 3.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,923 to 38,244, registering a gain of 5,321 points (up 15.9%).

ENGINEERS INDIA Financial Update...

ENGINEERS INDIA net profit down at Rs 908 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 21.9% to Rs 5.8 billion during the period as against Rs 4.7 billion in October-December 2017.

For the year ended March 2018, ENGINEERS INDIA reported 16.1% increase in net profit to Rs 3.8 billion compared to net profit of Rs 3.3 billion during FY17.

Revenue of the company grew 23.3% to Rs 18 billion during FY18.

The current Price to earnings ratio of ENGINEERS INDIA, based on rolling 12 month earnings, stands at 22.0x.