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KNR CONSTRUCTIONS Gains 5%; BSE REALTY Index Up 1.8%
Mon, 29 Jul 12:27

KNR CONSTRUCTIONS Gains 5%; BSE REALTY Index Up 1.8%Image source: asbe/www.istockphoto.com

KNR CONSTRUCTIONS share price has zoomed 5% and is presently trading at Rs 386.2.

Meanwhile, the BSE REALTY index is at 8,567.7 (up 1.8%).

Among the top gainers in the BSE REALTY index today are DLF (up 4.6%) and PRESTIGE ESTATES (up 2.8%).

INDIABULLS REAL EST (down 1.1%) is among the top losers today.

Over the last one year, KNR CONSTRUCTIONS has moved up from Rs 245.2 to Rs 386.2, registering a gain of Rs 141.1 (up 57.5%).

On the other hand, the BSE REALTY index has moved up from 4,282.5 to 8,567.7, registering a gain of 100.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 239.5%), Sobha (up 221.0%) and Brigade Enterprises (up 124.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,424.0 (up 0.1%).

The top gainers among the BSE Sensex today are L&T (up 2.6%) and SBI (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,824.9 . Titan and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,424.0, registering a gain of 15,068.3 points (up 22.7%).

KNR CONSTRUCTIONS Financial Update...

KNR CONSTRUCTIONS net profit grew 130.6% YoY to Rs 3,275 million for the quarter ended March 2024, compared to a profit of Rs 1,420 million a year ago. Net sales rose 13.5% to Rs 14,140 million during the period as against Rs 12,453 million in January-March 2023.

For the year ended March 2023, KNR CONSTRUCTIONS reported 19.9% increase in net profit to Rs 4,394 million compared to net profit of Rs 3,664 million during FY22. Revenue of the company grew 12.7% to Rs 40,624 million during FY23.

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


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