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Ahluwalia Contracts Gains 5%; BSE REALTY Index Up 1.0%
Tue, 2 Jul 15:10

Ahluwalia Contracts Gains 5%; BSE REALTY Index Up 1.0%Image source: phive2015/www.istockphoto.com

Ahluwalia Contracts share price has zoomed 5% and is presently trading at Rs 1,305.0.

Meanwhile, the BSE REALTY index is at 8,684.4 (up 1.0%).

Among the top gainers in the BSE REALTY index today are Godrej Properties (up 4.5%) and Sobha (up 3.8%).

SUNTECK REALTY (down 1.4%) is among the top losers today.

Over the last one year, Ahluwalia Contracts has moved up from Rs 613.6 to Rs 1,305.0, registering a gain of Rs 691.4 (up 112.7%).

On the other hand, the BSE REALTY index has moved up from 4,140.6 to 8,684.4, registering a gain of 109.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 284.1%), PRESTIGE ESTATES (up 220.4%) and INDIABULLS REAL EST (up 158.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,448.3 .

The top losers among the BSE Sensex today are Bharti Airtel (down 2.3%) and Kotak Bank (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,124.8 (down 0.1%). Shriram Transport and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,448.3, registering a gain of 15,532.9 points (up 24.3%).

Ahluwalia Contracts Financial Update...

Ahluwalia Contracts net profit grew 176.8% YoY to Rs 1,998 million for the quarter ended March 2024, compared to a profit of Rs 722 million a year ago. Net sales rose 34.8% to Rs 11,637 million during the period as against Rs 8,631 million in January-March 2023.

For the year ended March 2023, Ahluwalia Contracts reported 25.0% increase in net profit to Rs 1,940 million compared to net profit of Rs 1,552 million during FY22. Revenue of the company grew 5.4% to Rs 28,384 million during FY23.

The current Price to earnings ratio of Ahluwalia Contracts, based on rolling 12 month earnings, stands at 23.3.


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