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ACTION CONSTRUCTION Gains 5%; BSE CAPITAL GOODS Index Up 0.1%
Wed, 16 Oct 9:40

ACTION CONSTRUCTION Gains 5%; BSE CAPITAL GOODS Index Up 0.1%Image source: Ivcandy/www.istockphoto.com

ACTION CONSTRUCTION share price has zoomed 5% and is presently trading at Rs 1,409.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,439.8 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Thermax (up 1.1%) and HINDUSTAN AERO. (up 1.0%).

V GUARD IND. (down 1.1%) and GRINDWELL NORTON (down 0.6%) are among the top losers today.

Over the last one year, ACTION CONSTRUCTION has moved up from Rs 703.2 to Rs 1,409.0, registering a gain of Rs 705.8 (up 100.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,111.6 to 72,439.8, registering a gain of 50.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 135.1%), Siemens (up 120.0%) and Bharat Electronics (up 110.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,755.5 (down 0.1%).

The top losers among the BSE Sensex today are M&M (down 1.6%) and Nestle (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,068.5 . HDFC LIFE INSURANCE and IOC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,755.5, registering a gain of 15,588.5 points (up 23.6%).

ACTION CONSTRUCTION Financial Update...

ACTION CONSTRUCTION net profit grew 24.6% YoY to Rs 842 million for the quarter ended June 2024, compared to a profit of Rs 676 million a year ago. Net sales rose 12.7% to Rs 7,343 million during the period as against Rs 6,516 million in April-June 2023.

For the year ended March 2024, ACTION CONSTRUCTION reported 89.7% increase in net profit to Rs 3,282 million compared to net profit of Rs 1,730 million during FY23. Revenue of the company grew 34.9% to Rs 29,138 million during FY24.

The current Price to earnings ratio of ACTION CONSTRUCTION, based on rolling 12 month earnings, stands at 48.7.


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