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ACTION CONSTRUCTION Gains 6%; BSE CAPITAL GOODS Index Up 0.8%
Wed, 30 Oct 10:7

ACTION CONSTRUCTION Gains 6%; BSE CAPITAL GOODS Index Up 0.8%Image source: ipopba/www.istockphoto.com

ACTION CONSTRUCTION share price has zoomed 6% and is presently trading at Rs 1,254.9.

Meanwhile, the BSE CAPITAL GOODS index is at 67,814.0 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 3.5%) and GRINDWELL NORTON (up 2.9%).

Honeywell Automation (down 7.1%) and V GUARD IND. (down 1.7%) are among the top losers today.

Over the last one year, ACTION CONSTRUCTION has moved up from Rs 766.4 to Rs 1,254.9, registering a gain of Rs 488.5 (up 63.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 67,814.0, registering a gain of 47.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 133.7%), Bharat Electronics (up 122.5%) and Siemens (up 100.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,107.6 (down 0.3%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.8%) and ICICI Bank (down 1.5%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Motors.

In the meantime, NSE Nifty is at 24,394.8 (down 0.3%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,107.6, registering a gain of 15,995.0 points (up 24.9%).

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 43.3.


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