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SHANKARA BUILDING PRODUCTS Gains 4%; BSE REALTY Index Down 0.0%
Tue, 13 Aug 13:41

SHANKARA BUILDING PRODUCTS Gains 4%; BSE REALTY Index Down 0.0%Image source: Eoneren/www.istockphoto.com

SHANKARA BUILDING PRODUCTS share price has zoomed 4% and is presently trading at Rs 617.6.

Meanwhile, the BSE REALTY index is at 8,088.9 .

Among the top gainers in the BSE REALTY index today are Phoenix Mill (up 3.4%) and INDIABULLS REAL EST (up 2.1%).

OBEROI REALTY (down 3.2%) and MAHINDRA LIFESPACE (down 2.3%) are among the top losers today.

Over the last one year, SHANKARA BUILDING PRODUCTS has moved down from Rs 715.9 to Rs 617.6, registering a loss of Rs 98.4 (down 13.7%).

On the other hand, the BSE REALTY index has moved up from 4,277.6 to 8,088.9, registering a gain of 89.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 204.2%), Sobha (up 197.7%) and Phoenix Mill (up 104.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,296.7 (down 0.4%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.8%) and Tata Motors (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,242.6 (down 0.4%). HDFC LIFE INSURANCE and HDFC Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,296.7, registering a gain of 13,300.9 points (up 20.2%).

SHANKARA BUILDING PRODUCTS Financial Update...

SHANKARA BUILDING PRODUCTS net profit fell 7.1% YoY to Rs 161 million for the quarter ended June 2024, compared to a profit of Rs 173 million a year ago. Net sales rose 14.0% to Rs 12,910 million during the period as against Rs 11,321 million in April-June 2023.

For the year ended March 2024, SHANKARA BUILDING PRODUCTS reported 28.7% increase in net profit to Rs 811 million compared to net profit of Rs 631 million during FY23. Revenue of the company grew 19.8% to Rs 48,284 million during FY24.

The current Price to earnings ratio of SHANKARA BUILDING PRODUCTS, based on rolling 12 month earnings, stands at 18.7.


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