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SHANKARA BUILDING PRODUCTS Gains 5%; BSE REALTY Index Up 0.0%
Wed, 3 Jul 10:2

SHANKARA BUILDING PRODUCTS Gains 5%; BSE REALTY Index Up 0.0%Image source: Nikada/www.istockphoto.com

SHANKARA BUILDING PRODUCTS share price has zoomed 5% and is presently trading at Rs 734.5.

Meanwhile, the BSE REALTY index is at 8,679.4 .

Among the top gainers in the BSE REALTY index today are Phoenix Mill (up 1.7%) and INDIABULLS REAL EST (up 1.2%).

Sobha (down 1.9%) and Godrej Properties (down 0.7%) are among the top losers today.

Over the last one year, SHANKARA BUILDING PRODUCTS has moved down from Rs 747.4 to Rs 734.5, registering a loss of Rs 12.9 (down 1.7%).

On the other hand, the BSE REALTY index has moved up from 4,196.4 to 8,679.4, registering a gain of 106.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 271.1%), PRESTIGE ESTATES (up 219.8%) and INDIABULLS REAL EST (up 154.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,973.5 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.9%) 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 79,973.5, registering a gain of 14,768.5 points (up 22.6%).

SHANKARA BUILDING PRODUCTS Financial Update...

SHANKARA BUILDING PRODUCTS net profit grew 26.5% YoY to Rs 242 million for the quarter ended March 2024, compared to a profit of Rs 191 million a year ago. Net sales rose 13.8% to Rs 13,766 million during the period as against Rs 12,100 million in January-March 2023.

For the year ended March 2024, SHANKARA BUILDING PRODUCTS reported 28.7% increase in net profit to Rs 811 million compared to net profit of Rs 631 million during FY23. Revenue of the company grew 19.8% to Rs 48,284 million during FY24.

The current Price to earnings ratio of SHANKARA BUILDING PRODUCTS, based on rolling 12 month earnings, stands at 22.0.


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