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NCC Plunges 7%; BSE REALTY Index Down 4.7%
Mon, 5 Aug 11:28

NCC Plunges 7%; BSE REALTY Index Down 4.7%Image source: CreativaImages/www.istockphoto.com

NCC share price has plunged 7% and is presently trading at Rs 318.8.

Meanwhile, the BSE REALTY index is at 7,717.5 (down 4.7%).

Among the top losers in the BSE REALTY index today are Godrej Properties (down 6.2%) and Phoenix Mill (down 5.8%).

Over the last one year, NCC has moved up from Rs 154.9 to Rs 318.8, registering a gain of Rs 163.9 (up 105.8%).

On the other hand, the BSE REALTY index has moved up from 4,455.6 to 7,717.5, registering a gain of 73.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 184.2%), Sobha (up 180.1%) and Brigade Enterprises (up 92.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,477.9 (down 3.1%).

The top losers among the BSE Sensex today are Tata Motors (down 6.6%) and Tata Steel (down 5.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,477.9, registering a gain of 12,018.6 points (up 18.1%).

NCC Financial Update...

NCC net profit grew 20.9% YoY to Rs 2,383 million for the quarter ended March 2024, compared to a profit of Rs 1,971 million a year ago. Net sales rose 31.0% to Rs 64,849 million during the period as against Rs 49,490 million in January-March 2023.

For the year ended March 2023, NCC reported 30.8% increase in net profit to Rs 6,462 million compared to net profit of Rs 4,940 million during FY22. Revenue of the company grew 39.6% to Rs 155,534 million during FY23.

The current Price to earnings ratio of NCC, based on rolling 12 month earnings, stands at 27.2.

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