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BIGBLOC CONSTRUCTION Plunges 6%; BSE REALTY Index Down 0.6%
Tue, 13 Aug 14:53

BIGBLOC CONSTRUCTION Plunges 6%; BSE REALTY Index Down 0.6%Image source: KanawatTH/www.istockphoto.com

BIGBLOC CONSTRUCTION share price has plunged 6% and is presently trading at Rs 243.1.

Meanwhile, the BSE REALTY index is at 8,038.6 (down 0.6%).

Among the top losers in the BSE REALTY index today are OBEROI REALTY (down 3.7%) and MAHINDRA LIFESPACE (down 2.9%).

Phoenix Mill (up 3.0%) and INDIABULLS REAL EST (up 1.4%) are among the top gainers today.

Over the last one year, BIGBLOC CONSTRUCTION has moved up from Rs 145.3 to Rs 243.1, registering a gain of Rs 97.9 (up 67.4%).

On the other hand, the BSE REALTY index has moved up from 4,277.6 to 8,038.6, registering a gain of 87.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 203.6%), Sobha (up 198.4%) and Phoenix Mill (up 103.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,979.5 (down 0.8%).

The top losers among the BSE Sensex today are HDFC Bank (down 3.3%) and Tata Motors (down 2.1%). The most traded stocks in the BSE Sensex are Reliance Ind. and Tata Steel.

In the meantime, NSE Nifty is at 24,131.7 (down 0.9%). BPCL 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 78,979.5, registering a gain of 12,983.7 points (up 19.7%).

BIGBLOC CONSTRUCTION Financial Update...

BIGBLOC CONSTRUCTION net profit grew 55.6% YoY to Rs 86 million for the quarter ended March 2024, compared to a profit of Rs 56 million a year ago. Net sales rose 46.0% to Rs 680 million during the period as against Rs 465 million in January-March 2023.

For the year ended March 2024, BIGBLOC CONSTRUCTION reported 1.8% increase in net profit to Rs 307 million compared to net profit of Rs 301 million during FY23. Revenue of the company grew 21.5% to Rs 2,432 million during FY24.

The current Price to earnings ratio of BIGBLOC CONSTRUCTION, based on rolling 12 month earnings, stands at 56.1.


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