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Ahluwalia Contracts Plunges 8%; BSE REALTY Index Down 0.6%
Wed, 14 Aug 9:27

Ahluwalia Contracts Plunges 8%; BSE REALTY Index Down 0.6%Image source: ipopba/www.istockphoto.com

Ahluwalia Contracts share price has plunged 8% and is presently trading at Rs 1,228.5.

Meanwhile, the BSE REALTY index is at 7,982.2 (down 0.6%).

Among the top losers in the BSE REALTY index today are Phoenix Mill (down 2.8%) and INDIABULLS REAL EST (down 1.6%).

PRESTIGE ESTATES (up 1.2%) and SUNTECK REALTY (up 0.8%) are among the top gainers today.

Over the last one year, Ahluwalia Contracts has moved up from Rs 733.0 to Rs 1,228.5, registering a gain of Rs 495.5 (up 67.6%).

On the other hand, the BSE REALTY index has moved up from 4,225.3 to 7,982.2, registering a gain of 88.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 225.0%), Sobha (up 207.2%) and INDIABULLS REAL EST (up 100.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,980.1 .

The top gainers among the BSE Sensex today are Tech Mahindra (up 1.0%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,146.7 . Hindalco and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 78,980.1, registering a gain of 13,578.2 points (up 20.8%).

Ahluwalia Contracts Financial Update...

Ahluwalia Contracts net profit fell 38.4% YoY to Rs 306 million for the quarter ended June 2024, compared to a profit of Rs 497 million a year ago. Net sales rose 20.4% to Rs 9,193 million during the period as against Rs 7,636 million in April-June 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 23.1.


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