ASHOKA BUILDCON Plunges by 5%; BSE REALTY Index Down 5.3%
September 25, 2018 02:45 PM

ASHOKA BUILDCON share price has plunged 5% and is presently trading at Rs 114.

Meanwhile, the BSE REALTY Index is at 1,839 (down 5.3%).

Among the top losers in the BSE REALTY Index today are ASHOKA BUILDCON (down 5.1%) and PRESTIGE ESTATES (down 5.9%).

SOBHA LIMITED (up 2.2%) and GODREJ PROPERTIES (up 0.8%) are among the top gainers today.

Over the last one year, ASHOKA BUILDCON has moved down from Rs 125 to Rs 114, registering a loss of Rs 11 (down 8.5%)..

The BSE REALTY has moved down from 2,000 to 1,839, loss of 161 points (down 8.0%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 20.3%), OMAXE LTD (up 10.4%) and SOBHA LIMITED (up 7.0%).

What About the Benchmark Indices?

The BSE Sensex is at 36,586 (up 0.2%). The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 2.2%), HIND. UNILEVER (up 2.1%) and MARUTI SUZUKI (up 2.0%). Other gainers include ASIAN PAINTS (up 1.8%) and HDFC (up 1.8%). The most traded stocks in the BSE Sensex are AXIS BANK and ITC LTD.

In the meantime, NSE Nifty is at 11,049 (up 0.3%). HDFC (up 2.9%) and MARUTI SUZUKI (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,627 to 36,586, registering a gain of 4,959 points (up 15.1%).

ASHOKA BUILDCON Financial Update...

ASHOKA BUILDCON net profit stood at Rs 639 million for the quarter ended June 2018, compared to a profit of Rs 520 million a year ago. Net Sales rose 3.8% to Rs 6.8 billion during the period as against Rs 6.6 billion in April-June 2017.

For the year ended March 2017, ASHOKA BUILDCON reported 24.7% decrease in net profit to Rs 1.3 billion compared to net profit of Rs 1.7 billion during FY16.

Revenue of the company grew 5.4% to Rs 30 billion during FY17.

The current Price to earnings ratio of ASHOKA BUILDCON, based on rolling 12 month earnings, stands at 8.0x.