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SHANKARA BUILDING PRODUCTS Plunges 5%; BSE REALTY Index Up 1.2%
Mon, 12 Aug 14:32

SHANKARA BUILDING PRODUCTS Plunges 5%; BSE REALTY Index Up 1.2%Image source: DNY59/www.istockphoto.com

SHANKARA BUILDING PRODUCTS share price has plunged 5% and is presently trading at Rs 590.7.

Meanwhile, the BSE REALTY index is at 8,081.4 (up 1.2%).

Among the top losers in the BSE REALTY index today is Phoenix Mill (down 0.7%).

INDIABULLS REAL EST (up 3.4%) and PRESTIGE ESTATES (up 2.7%) are among the top gainers today.

Over the last one year, SHANKARA BUILDING PRODUCTS has moved down from Rs 718.2 to Rs 590.7, registering a loss of Rs 127.5 (down 17.7%).

On the other hand, the BSE REALTY index has moved up from 4,333.7 to 8,081.4, registering a gain of 86.5% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 202.6%), PRESTIGE ESTATES (up 194.2%) and Phoenix Mill (up 96.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,835.2 (up 0.2%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.0%) and JSW Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,407.9 (up 0.2%). Axis Bank and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,835.2, registering a gain of 13,988.7 points (up 21.2%).

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 17.9.


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