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KNR CONSTRUCTIONS Gains 7%; BSE REALTY Index Up 0.3%
Wed, 3 Jul 11:38

KNR CONSTRUCTIONS Gains 7%; BSE REALTY Index Up 0.3%Image source: phive2015/www.istockphoto.com

KNR CONSTRUCTIONS share price has zoomed 7% and is presently trading at Rs 363.0.

Meanwhile, the BSE REALTY index is at 8,700.9 (up 0.3%).

Among the top gainers in the BSE REALTY index today are Phoenix Mill (up 2.4%) and Godrej Properties (up 0.4%).

Sobha (down 1.6%) and SUNTECK REALTY (down 1.2%) are among the top losers today.

Over the last one year, KNR CONSTRUCTIONS has moved up from Rs 246.6 to Rs 363.0, registering a gain of Rs 116.5 (up 47.2%).

On the other hand, the BSE REALTY index has moved up from 4,196.4 to 8,700.9, registering a gain of 107.3% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 272.1%), PRESTIGE ESTATES (up 220.5%) and INDIABULLS REAL EST (up 151.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,882.2 (up 0.6%).

The top gainers among the BSE Sensex today are HDFC Bank (up 3.1%) and Axis Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,265.5 (up 0.6%). HDFC Bank and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,882.2, registering a gain of 14,677.2 points (up 22.5%).

KNR CONSTRUCTIONS Financial Update...

KNR CONSTRUCTIONS net profit grew 130.6% YoY to Rs 3,275 million for the quarter ended March 2024, compared to a profit of Rs 1,420 million a year ago. Net sales rose 13.5% to Rs 14,140 million during the period as against Rs 12,453 million in January-March 2023.

For the year ended March 2023, KNR CONSTRUCTIONS reported 19.9% increase in net profit to Rs 4,394 million compared to net profit of Rs 3,664 million during FY22. Revenue of the company grew 12.7% to Rs 40,624 million during FY23.

The current Price to earnings ratio of KNR CONSTRUCTIONS, based on rolling 12 month earnings, stands at 13.9.


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