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KNR CONSTRUCTIONS Gains 4%; BSE REALTY Index Up 0.4%
Thu, 12 Sep 14:17

KNR CONSTRUCTIONS Gains 4%; BSE REALTY Index Up 0.4%Image source: Kameleon007 /www.istockphoto.com

KNR CONSTRUCTIONS share price has zoomed 4% and is presently trading at Rs 353.3.

Meanwhile, the BSE REALTY index is at 8,049.7 (up 0.4%).

Among the top gainers in the BSE REALTY index today are INDIABULLS REAL EST (up 2.1%) and PRESTIGE ESTATES (up 1.8%).

Phoenix Mill (down 1.8%) and Sobha (down 1.2%) are among the top losers today.

Over the last one year, KNR CONSTRUCTIONS has moved up from Rs 274.5 to Rs 353.3, registering a gain of Rs 78.8 (up 28.7%).

On the other hand, the BSE REALTY index has moved up from 4,774.4 to 8,049.7, registering a gain of 68.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 182.3%), Sobha (up 163.8%) and Brigade Enterprises (up 108.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,372.7 (up 1.0%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 2.9%) and NTPC (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,204.7 (up 1.2%). Shriram Transport and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,372.7, registering a gain of 15,245.6 points (up 22.7%).

KNR CONSTRUCTIONS Financial Update...

KNR CONSTRUCTIONS net profit grew 38.9% YoY to Rs 1,777 million for the quarter ended June 2024, compared to a profit of Rs 1,279 million a year ago. Net sales rose 0.4% to Rs 9,850 million during the period as against Rs 9,810 million in April-June 2023.

For the year ended March 2024, KNR CONSTRUCTIONS reported 71.2% increase in net profit to Rs 7,523 million compared to net profit of Rs 4,394 million during FY23. Revenue of the company grew 9.0% to Rs 44,295 million during FY24.

The current Price to earnings ratio of KNR CONSTRUCTIONS, based on rolling 12 month earnings, stands at 12.7.


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