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BIGBLOC CONSTRUCTION Plunges 5%; BSE REALTY Index Down 1.5%
Mon, 21 Oct 16:9

BIGBLOC CONSTRUCTION Plunges 5%; BSE REALTY Index Down 1.5%Image source: ipopba/www.istockphoto.com

BIGBLOC CONSTRUCTION share price has plunged 5% and is presently trading at Rs 126.5.

Meanwhile, the BSE REALTY index is at 8,064.3 (down 1.5%).

Among the top losers in the BSE REALTY index today are Godrej Properties (down 3.2%) and Phoenix Mill (down 2.4%).

OBEROI REALTY (up 3.3%) is among the top gainers today.

Over the last one year, BIGBLOC CONSTRUCTION has moved up from Rs 82.1 to Rs 126.5, registering a gain of Rs 44.4 (up 54.1%).

On the other hand, the BSE REALTY index has moved up from 4,869.2 to 8,064.3, registering a gain of 65.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 143.0%), Sobha (up 126.1%) and Brigade Enterprises (up 103.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,151.3 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 4.7%) and Bajaj Finserv (down 3.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,739.5 (down 0.5%). Tata Consumer Products and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,428.1 to 81,151.3, registering a gain of 14,723.2 points (up 22.2%).

BIGBLOC CONSTRUCTION Financial Update...

BIGBLOC CONSTRUCTION net profit fell 48.6% YoY to Rs 30 million for the quarter ended June 2024, compared to a profit of Rs 59 million a year ago. Net sales declined 6.0% to Rs 516 million during the period as against Rs 549 million in April-June 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 64.4.


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