ASHOKA BUILDCON Surges by 5%; BSE REALTY Index Up 0.6%
May 7, 2019 09:22 AM

ASHOKA BUILDCON share price has zoomed 5% and is presently trading at Rs 123.

Meanwhile, the BSE REALTY Index is at 2,022 (up 0.6%).

Among the top Gainers in the BSE REALTY Index today is ASHOKA BUILDCON (up 5.1%).

HDIL (down 0.2%) and SOBHA LIMITED (down 0.3%) are among the top losers today.

Over the last one year, ASHOKA BUILDCON has moved down from Rs 188 to Rs 123, registering a loss of Rs 65 (down 35.2%).

On the other hand, the BSE REALTY has moved down from 2,374 to 2,022, loss of 352 points (down 14.9%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 11.0%) and OBEROI REALTY (up 0.4%).

What About the Benchmark Indices?

The BSE Sensex is at 38,836 (up 0.4%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 2.1%), TATA MOTORS DVR (up 1.4%) and POWER GRID (up 1.3%). Other gainers include TATA STEEL (up 1.1%) and TATA MOTORS (up 1.1%). The most traded stocks in the BSE Sensex are ICICI BANK and YES BANK.

In the meantime, NSE Nifty is at 11,657 (up 0.3%). YES BANK (up 1.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,208 to 38,836, registering a gain of 3,628 points (up 10.1%).

ASHOKA BUILDCON Financial Update...

ASHOKA BUILDCON net profit stood at Rs 622 million for the quarter ended December 2018, compared to a profit of Rs 520 million a year ago. Net Sales rose 61.6% to Rs 10.7 billion during the period as against Rs 6.6 billion in October-December 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 7.8x.