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Nesco Gains 5%; BSE REALTY Index Up 0.3%
Thu, 22 Aug 15:6

Nesco Gains 5%; BSE REALTY Index Up 0.3%Image source: Chunumunu/www.istockphoto.com

Nesco share price has zoomed 5% and is presently trading at Rs 962.9.

Meanwhile, the BSE REALTY index is at 8,135.7 (up 0.3%).

Among the top gainers in the BSE REALTY index today are INDIABULLS REAL EST (up 8.4%) and Phoenix Mill (up 4.6%).

SUNTECK REALTY (down 2.7%) and Brigade Enterprises (down 0.9%) are among the top losers today.

Over the last one year, Nesco has moved up from Rs 669.4 to Rs 962.9, registering a gain of Rs 293.5 (up 43.8%).

On the other hand, the BSE REALTY index has moved up from 4,287.0 to 8,135.7, registering a gain of 89.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 212.8%), Sobha (up 200.2%) and INDIABULLS REAL EST (up 122.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,067.4 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.6%) and Titan (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,813.8 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,067.4, registering a gain of 15,851.3 points (up 24.3%).

Nesco Financial Update...

Nesco net profit fell 8.3% YoY to Rs 698 million for the quarter ended June 2024, compared to a profit of Rs 761 million a year ago. Net sales rose 3.5% to Rs 1,414 million during the period as against Rs 1,366 million in April-June 2023.

For the year ended March 2024, Nesco reported 24.8% increase in net profit to Rs 3,628 million compared to net profit of Rs 2,906 million during FY23. Revenue of the company grew 24.2% to Rs 6,782 million during FY24.

The current Price to earnings ratio of Nesco, based on rolling 12 month earnings, stands at 19.0.

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