ENGINEERS INDIA Surges by 5%; BSE CAPITAL GOODS Index Up 2.3%

Wed, 8 Apr 10:23 AM

ENGINEERS INDIA share price has zoomed 5% and is presently trading at Rs 64.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,202 (up 2.3%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are ENGINEERS INDIA (up 5.4%) and HINDUSTAN AERONAUTICS (up 7.2%).

THERMAX (down 0.3%) and SCHAEFFLER INDIA LTD (down 0.6%) are among the top losers today.

Over the last one year, ENGINEERS INDIA has moved down from Rs 119 to Rs 64, registering a loss of Rs 54 (down 46.0%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,367 to 11,202, loss of 7,165 points (down 39.2%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 15.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 30,726 (up 2.2%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.0%), AXIS BANK (up 8.9%) and M&M (up 7.3%). Other gainers include TATA STEEL (up 5.6%) and HDFC (up 5.1%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,029 (up 2.7%). The top gainers in the NSE Nifty include INDUSIND BANK (up 10.0%), VEDANTA LTD (up 10.0%) and GAIL (up 8.7%). Other gainers include AXIS BANK (up 8.1%) and M&M (up 7.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,701 to 30,726, registering a loss of 7,975 points (down 20.61%).

ENGINEERS INDIA Financial Update...

ENGINEERS INDIA net profit stood at Rs 1 billion for the quarter ended December 2019, compared to a profit of Rs 908 million a year ago. Net Sales rose 54.4% to Rs 8.9 billion during the period as against Rs 5.8 billion in October-December 2018.

For the year ended March 2019, ENGINEERS INDIA reported 2.7% decrease in net profit to Rs 3.7 billion compared to net profit of Rs 3.8 billion during FY18.

Revenue of the company grew 35.7% to Rs 25 billion during FY19.

The current Price to earnings ratio of ENGINEERS INDIA, based on rolling 12 month earnings, stands at 10.2x.

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