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HCC Plunges 5%; BSE REALTY Index Up 0.2%
Thu, 27 Jun 16:6

HCC Plunges 5%; BSE REALTY Index Up 0.2%Image source: KanawatTH/www.istockphoto.com

HCC share price has plunged 5% and is presently trading at Rs 48.2.

Meanwhile, the BSE REALTY index is at 8,605.9 (up 0.2%).

Among the top losers in the BSE REALTY index today are INDIABULLS REAL EST (down 6.2%) and SUNTECK REALTY (down 4.5%).

Godrej Properties (up 1.8%) is among the top gainers today.

Over the last one year, HCC has moved up from Rs 20.4 to Rs 48.2, registering a gain of Rs 27.8 (up 136.3%).

On the other hand, the BSE REALTY index has moved up from 4,070.4 to 8,605.9, registering a gain of 111.4% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 296.6%), PRESTIGE ESTATES (up 221.5%) and INDIABULLS REAL EST (up 145.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,245.0 (up 0.7%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 5.3%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,036.1 (up 0.7%). Ultratech Cement and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,245.0, registering a gain of 16,275.0 points (up 25.8%).

HCC Financial Update...

HCC net profit grew 14.3% YoY to Rs 2,274 million for the quarter ended March 2024, compared to a profit of Rs 1,990 million a year ago. Net sales declined 26.9% to Rs 17,731 million during the period as against Rs 24,263 million in January-March 2023.

For the year ended March 2023, HCC reported 104.7% decrease in net profit to Rs -266 million compared to net profit of Rs 5,717 million during FY22. Revenue of the company fell 7.6% to Rs 98,566 million during FY23.

The current Price to earnings ratio of HCC, based on rolling 12 month earnings, stands at 16.3.

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