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HCC Gains 7%; BSE REALTY Index Down 0.2%
Wed, 12 Jun 12:44

HCC share price has zoomed 7% and is presently trading at Rs 50.5.

Meanwhile, the BSE REALTY index is at 8,544.4 (down 0.2%).

Among the top gainers in the BSE REALTY index today are SUNTECK REALTY (up 5.6%) and MAHINDRA LIFESPACE (up 2.4%).

Brigade Enterprises (down 3.1%) and OBEROI REALTY (down 0.9%) are among the top losers today.

Over the last one year, HCC has moved up from Rs 19.0 to Rs 50.5, registering a gain of Rs 31.4 (up 165.2%).

On the other hand, the BSE REALTY index has moved up from 4,047.8 to 8,544.4, registering a gain of 111.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 283.7%), PRESTIGE ESTATES (up 230.5%) and Brigade Enterprises (up 139.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,916.0 (up 0.6%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 2.0%) and Bajaj Finance (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,418.9 (up 0.7%). Coal India and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,916.0, registering a gain of 14,191.3 points (up 22.6%).

HCC Financial Update...

HCC net profit grew 14.3% YoY to Rs 2,274 million for the quarter ended March 2024, compared to a profit of Rs 1,990 million a year ago. Net sales declined 26.9% to Rs 17,731 million during the period as against Rs 24,263 million in January-March 2023.

For the year ended March 2023, HCC reported 104.7% decrease in net profit to Rs -266 million compared to net profit of Rs 5,717 million during FY22. Revenue of the company fell 7.6% to Rs 98,566 million during FY23.

The current Price to earnings ratio of HCC, based on rolling 12 month earnings, stands at 17.1.


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