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ACTION CONSTRUCTION Gains 6%; BSE CAPITAL GOODS Index Up 0.4%
Wed, 3 Jul 10:2

ACTION CONSTRUCTION Gains 6%; BSE CAPITAL GOODS Index Up 0.4%Image source: Sakorn BernardaSv/www.istockphoto.com

ACTION CONSTRUCTION share price has zoomed 6% and is presently trading at Rs 1,577.4.

Meanwhile, the BSE CAPITAL GOODS index is at 73,346.5 (up 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 3.0%) and V GUARD IND. (up 2.9%).

SCHAEFFLER INDIA (down 1.0%) and ADANI GREEN ENERGY (down 0.3%) are among the top losers today.

Over the last one year, ACTION CONSTRUCTION has moved up from Rs 494.1 to Rs 1,577.4, registering a gain of Rs 1,083.4 (up 219.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,540.3 to 73,346.5, registering a gain of 80.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 238.1%), HINDUSTAN AERO. (up 184.6%) and Bharat Electronics (up 149.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,033.2 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 3.1%) and Axis Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and SBI.

In the meantime, NSE Nifty is at 24,273.2 (up 0.6%). HDFC Bank and Axis Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,033.2, registering a gain of 14,828.1 points (up 22.7%).

ACTION CONSTRUCTION Financial Update...

ACTION CONSTRUCTION net profit grew 108.8% YoY to Rs 985 million for the quarter ended March 2024, compared to a profit of Rs 472 million a year ago. Net sales rose 36.2% to Rs 8,358 million during the period as against Rs 6,138 million in January-March 2023.

For the year ended March 2023, ACTION CONSTRUCTION reported 64.7% increase in net profit to Rs 1,730 million compared to net profit of Rs 1,050 million during FY22. Revenue of the company grew 32.5% to Rs 21,597 million during FY23.

The current Price to earnings ratio of ACTION CONSTRUCTION, based on rolling 12 month earnings, stands at 57.2.


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