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KNR CONSTRUCTIONS Plunges 3%; BSE REALTY Index Down 0.0%
Mon, 12 Aug 10:8

KNR CONSTRUCTIONS Plunges 3%; BSE REALTY Index Down 0.0%Image source: Nikada/www.istockphoto.com

KNR CONSTRUCTIONS share price has plunged 3% and is presently trading at Rs 355.2.

Meanwhile, the BSE REALTY index is at 7,983.4 .

Among the top losers in the BSE REALTY index today are Brigade Enterprises (down 1.8%) and Sobha (down 1.7%).

INDIABULLS REAL EST (up 0.3%) and Phoenix Mill are among the top gainers today.

Over the last one year, KNR CONSTRUCTIONS has moved up from Rs 243.2 to Rs 355.2, registering a gain of Rs 112.1 (up 46.1%).

On the other hand, the BSE REALTY index has moved up from 4,333.7 to 7,983.4, registering a gain of 84.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 197.1%), PRESTIGE ESTATES (up 185.4%) and Phoenix Mill (up 98.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,265.6 (down 0.6%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.6%) and NTPC (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 24,242.4 (down 0.5%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,265.6, registering a gain of 13,419.1 points (up 20.4%).

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 13.6.


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