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SHANKARA BUILDING PRODUCTS Gains 7%; BSE REALTY Index Up 0.6%
Mon, 11 Nov 13:5

SHANKARA BUILDING PRODUCTS Gains 7%; BSE REALTY Index Up 0.6%Image source: Eoneren/www.istockphoto.com

SHANKARA BUILDING PRODUCTS share price has zoomed 7% and is presently trading at Rs 573.9.

Meanwhile, the BSE REALTY index is at 7,601.4 (up 0.6%).

Among the top gainers in the BSE REALTY index today are PRESTIGE ESTATES (up 3.6%) and Sobha (up 0.8%).

MAHINDRA LIFESPACE (down 1.9%) and SUNTECK REALTY (down 0.7%) are among the top losers today.

Over the last one year, SHANKARA BUILDING PRODUCTS has moved down from Rs 741.2 to Rs 573.9, registering a loss of Rs 167.3 (down 22.6%).

On the other hand, the BSE REALTY index has moved up from 5,103.0 to 7,601.4, registering a gain of 49.0% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 117.7%), PRESTIGE ESTATES (up 106.8%) and Brigade Enterprises (up 66.8%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,777.0 (up 0.4%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 4.5%) and Tata Motors (up 2.0%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,233.2 (up 0.4%). Power Grid Corp. and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,942.4 to 79,777.0, registering a gain of 14,834.6 points (up 22.8%).

SHANKARA BUILDING PRODUCTS Financial Update...

SHANKARA BUILDING PRODUCTS net profit fell 16.5% YoY to Rs 152 million for the quarter ended September 2024, compared to a profit of Rs 182 million a year ago. Net sales rose 16.4% to Rs 13,294 million during the period as against Rs 11,425 million in July-September 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 18.1.


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