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ACTION CONSTRUCTION Plunges 4%; BSE CAPITAL GOODS Index Down 0.0%
Tue, 29 Oct 9:23

ACTION CONSTRUCTION Plunges 4%; BSE CAPITAL GOODS Index Down 0.0%Image source: DNY59/www.istockphoto.com

ACTION CONSTRUCTION share price has plunged 4% and is presently trading at Rs 1,123.0.

Meanwhile, the BSE CAPITAL GOODS index is at 66,416.8 .

Among the top losers in the BSE CAPITAL GOODS index today are Thermax (down 1.3%) and ADANI GREEN ENERGY (down 1.1%).

SKF India (up 2.1%) and SCHAEFFLER INDIA (up 1.2%) are among the top gainers today.

Over the last one year, ACTION CONSTRUCTION has moved up from Rs 702.9 to Rs 1,123.0, registering a gain of Rs 420.1 (up 59.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,605.4 to 66,416.8, registering a gain of 45.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.0%), Bharat Electronics (up 107.3%) and BHEL (up 98.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,742.9 (down 0.3%).

The top losers among the BSE Sensex today are Infosys (down 1.2%) and M&M (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,293.7 (down 0.2%). M&M and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,742.9, registering a gain of 15,693.9 points (up 24.5%).

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 38.8.


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