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ACTION CONSTRUCTION Plunges 5%; BSE CAPITAL GOODS Index Down 1.0%
Mon, 28 Oct 9:25

ACTION CONSTRUCTION Plunges 5%; BSE CAPITAL GOODS Index Down 1.0%Image source: KanawatTH/www.istockphoto.com

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

What About the Benchmark Indices?

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 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 39.9.


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