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J Kumar Infra Plunges 4%; BSE REALTY Index Up 0.3%
Mon, 2 Sep 10:18

J Kumar Infra Plunges 4%; BSE REALTY Index Up 0.3%Image source: StarLineArts/www.istockphoto.com

J Kumar Infra share price has plunged 4% and is presently trading at Rs 820.0.

Meanwhile, the BSE REALTY index is at 8,256.6 (up 0.3%).

Among the top losers in the BSE REALTY index today are Phoenix Mill (down 1.1%) and SUNTECK REALTY (down 0.5%).

Brigade Enterprises (up 3.3%) and PRESTIGE ESTATES (up 0.9%) are among the top gainers today.

Over the last one year, J Kumar Infra has moved up from Rs 404.0 to Rs 820.0, registering a gain of Rs 416.0 (up 103.0%).

On the other hand, the BSE REALTY index has moved up from 4,377.8 to 8,256.6, registering a gain of 88.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 219.5%), Sobha (up 188.1%) and Phoenix Mill (up 112.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,593.6 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 2.4%) and ITC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,305.2 (up 0.3%). Bajaj Finserv and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,593.6, registering a gain of 17,517.8 points (up 26.9%).

J Kumar Infra Financial Update...

J Kumar Infra net profit grew 18.7% YoY to Rs 864 million for the quarter ended June 2024, compared to a profit of Rs 728 million a year ago. Net sales rose 13.3% to Rs 12,815 million during the period as against Rs 11,313 million in April-June 2023.

For the year ended March 2024, J Kumar Infra reported 19.8% increase in net profit to Rs 3,286 million compared to net profit of Rs 2,744 million during FY23. Revenue of the company grew 16.1% to Rs 48,792 million during FY24.

The current Price to earnings ratio of J Kumar Infra, based on rolling 12 month earnings, stands at 18.1.


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