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HCC Plunges 6%; BSE REALTY Index Down 0.8%
Mon, 7 Oct 13:7

HCC Plunges 6%; BSE REALTY Index Down 0.8%Image source: Chunumunu/www.istockphoto.com

HCC share price has plunged 6% and is presently trading at Rs 38.1.

Meanwhile, the BSE REALTY index is at 7,992.3 (down 0.8%).

Among the top losers in the BSE REALTY index today are MAHINDRA LIFESPACE (down 5.6%) and OBEROI REALTY (down 3.3%).

Phoenix Mill (up 0.7%) and Brigade Enterprises (up 0.1%) are among the top gainers today.

Over the last one year, HCC has moved up from Rs 27.2 to Rs 38.1, registering a gain of Rs 10.8 (up 39.7%).

On the other hand, the BSE REALTY index has moved up from 4,625.6 to 7,992.3, registering a gain of 72.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 178.6%), Sobha (up 157.6%) and Brigade Enterprises (up 135.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,178.8 (down 0.6%).

The top losers among the BSE Sensex today are NTPC (down 4.1%) and MUNDRA PORT & SEZ (down 3.8%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,793.9 (down 0.9%). NTPC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,178.8, registering a gain of 15,666.7 points (up 23.9%).

HCC Financial Update...

HCC net profit fell 140.0% YoY to Rs -159 million for the quarter ended June 2024, compared to a profit of Rs 397 million a year ago. Net sales declined 5.7% to Rs 18,160 million during the period as against Rs 19,265 million in April-June 2023.

For the year ended March 2024, HCC reported 1108.2% increase in net profit to Rs 5,294 million compared to net loss of Rs 525 million during FY23. Revenue of the company fell 15.3% to Rs 70,067 million during FY24.

The current Price to earnings ratio of HCC, based on rolling 12 month earnings, stands at 14.8.

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