ASHOKA BUILDCON Surges by 5%; BSE REALTY Index Up 1.0%
November 29, 2018 02:03 PM

ASHOKA BUILDCON share price has zoomed 5% and is presently trading at Rs 134.

Meanwhile, the BSE REALTY Index is at 1,755 (up 1.0%).

Among the top Gainers in the BSE REALTY Index today is ASHOKA BUILDCON (up 5.2%).

GODREJ PROPERTIES (down 0.4%) and HOUSING DEV. INFRA (down 0.7%) are among the top losers today.

Over the last one year, ASHOKA BUILDCON has moved down from Rs 167 to Rs 134, registering a loss of Rs 33 (down 19.7%).

On the other hand, the BSE REALTY has moved down from 2,402 to 1,755, loss of 647 points (down 27.1%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 17.3%).

What About the Benchmark Indices?

The BSE Sensex is at 36,140 (up 1.1%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.7%), BAJAJ AUTO (up 3.2%) and M&M (up 3.0%). Other gainers include KOTAK MAH. BANK (up 2.7%) and RELIANCE IND. (up 2.4%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,847 (up 1.1%). HINDALCO (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,619 to 36,140, registering a gain of 2,521 points (up 7.4%).

ASHOKA BUILDCON Financial Update...

ASHOKA BUILDCON net profit stood at Rs 621 million for the quarter ended September 2018, compared to a profit of Rs 520 million a year ago. Net Sales rose 16.0% to Rs 7.6 billion during the period as against Rs 6.6 billion in July-September 2017.

For the year ended March 2018, ASHOKA BUILDCON reported 15.1% decrease in net profit to Rs 1.8 billion compared to net profit of Rs 2.1 billion during FY17.

Revenue of the company grew 20.9% to Rs 36 billion during FY18.

The current Price to earnings ratio of ASHOKA BUILDCON, based on rolling 12 month earnings, stands at 8.9x.