Ahluwalia Contracts share price has zoomed 14% and is presently trading at Rs 1,483.6.
Meanwhile, the BSE REALTY index is at 8,695.5 (down 0.6%).
Among the top gainers in the BSE REALTY index today are MAHINDRA LIFESPACE (up 2.9%) and INDIABULLS REAL EST (up 1.0%).
Godrej Properties (down 2.0%) and Brigade Enterprises (down 1.5%) are among the top losers today.
Over the last one year, Ahluwalia Contracts has moved up from Rs 614.3 to Rs 1,483.6, registering a gain of Rs 869.3 (up 141.5%).
On the other hand, the BSE REALTY index has moved up from 4,196.4 to 8,695.5, registering a gain of 107.2% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 289.7%), PRESTIGE ESTATES (up 211.1%) and INDIABULLS REAL EST (up 147.6%).
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The BSE Sensex is at 79,550.8 (down 0.6%).
The top losers among the BSE Sensex today are HDFC Bank (down 4.0%) and M&M (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.
In the meantime, NSE Nifty is at 24,187.4 (down 0.5%). HDFC Bank and M&M are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,550.8, registering a gain of 14,345.7 points (up 22.0%).
Ahluwalia Contracts net profit grew 176.8% YoY to Rs 1,998 million for the quarter ended March 2024, compared to a profit of Rs 722 million a year ago. Net sales rose 34.8% to Rs 11,637 million during the period as against Rs 8,631 million in January-March 2023.
For the year ended March 2023, Ahluwalia Contracts reported 25.0% increase in net profit to Rs 1,940 million compared to net profit of Rs 1,552 million during FY22. Revenue of the company grew 5.4% to Rs 28,384 million during FY23.
The current Price to earnings ratio of Ahluwalia Contracts, based on rolling 12 month earnings, stands at 26.5.
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