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ACTION CONSTRUCTION Plunges 3%; BSE CAPITAL GOODS Index Down 0.8%
Wed, 23 Oct 9:40

ACTION CONSTRUCTION Plunges 3%; BSE CAPITAL GOODS Index Down 0.8%Image source: peterschreiber.media/www.istockphoto.com

ACTION CONSTRUCTION share price has plunged 3% and is presently trading at Rs 1,261.5.

Meanwhile, the BSE CAPITAL GOODS index is at 68,174.9 (down 0.8%).

Among the top losers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (down 2.3%) and Thermax (down 2.3%).

Graphite India (up 0.5%) is among the top gainers today.

Over the last one year, ACTION CONSTRUCTION has moved up from Rs 712.8 to Rs 1,261.5, registering a gain of Rs 548.8 (up 77.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 68,174.9, registering a gain of 47.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.3%), Siemens (up 110.6%) and ABB (up 105.3%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,246.3 .

The top gainers among the BSE Sensex today are Bajaj Finance (up 3.3%) and Bajaj Finserv (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,469.9 . NTPC and Power Grid Corp. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,246.3, registering a gain of 15,674.4 points (up 24.3%).

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 43.6.


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