ACTION CONSTRUCTION share price has plunged 5% and is presently trading at Rs 1,154.0.
Meanwhile, the BSE CAPITAL GOODS index is at 65,781.7 (down 1.0%).
Among the top losers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (down 2.5%) and Honeywell Automation (down 2.3%).
Thermax (up 1.0%) and V GUARD IND. (up 0.3%) are among the top gainers today.
Over the last one year, ACTION CONSTRUCTION has moved up from Rs 702.9 to Rs 1,154.0, registering a gain of Rs 451.1 (up 64.2%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 45,605.4 to 65,781.7, registering a gain of 44.2% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.4%), Bharat Electronics (up 107.9%) and Siemens (up 97.2%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 79,745.5 (up 0.4%).
The top gainers among the BSE Sensex today are ICICI Bank (up 2.4%) and SBI (up 1.1%). The most traded stocks in the BSE Sensex are HDFC Bank and ICICI Bank.
In the meantime, NSE Nifty is at 24,273.0 (up 0.4%). Shriram Transport and ICICI Bank are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,745.5, registering a gain of 15,696.4 points (up 24.5%).
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 39.9.
Equitymaster requests your view! Post a comment on "ACTION CONSTRUCTION Plunges 5%; BSE CAPITAL GOODS Index Down 1.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!