Sunday, 19 August 2018

ASHOKA BUILDCON Surges by 6%; BSE REALTY Index Up 0.5%

ASHOKA BUILDCON share price has zoomed 6% and is presently trading at Rs 145.
Meanwhile, the BSE REALTY Index is at 2,143 (up 0.5%).
Among the top Gainers in the BSE REALTY Index today is ASHOKA BUILDCON (up 6.1%).
PHOENIX MILL (down 0.9%) and PRESTIGE ESTATES (down 1.4%) are among the top losers today.
Over the last one year, ASHOKA BUILDCON has moved up from Rs 126 to Rs 145, registering a gain of Rs 19 (up 13.1%).
On the other hand, the BSE REALTY has moved up from 2,110 to 2,143, registering a gain of 33 points (up 1.6%) during the last 12 months.
The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 39.5%), OBEROI REALTY (up 28.3%) and PHOENIX MILL (up 19.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,075 (up 0.3%).
The top gainers among the BSE Sensex stocks today are L&T (up 4.5%), TATA MOTORS (up 1.8%) and AXIS BANK (up 1.2%). Other gainers include VEDANTA LTD (up 1.2%) and BAJAJ AUTO (up 1.1%). The most traded stocks in the BSE Sensex are HDFC and SBI.
In the meantime, NSE Nifty is at 11,502 (up 0.3%). L&T (up 4.8%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,795 to 38,075, registering a gain of 6,280 points (up 19.8%).

ASHOKA BUILDCON Financial Update...

ASHOKA BUILDCON net profit stood at Rs 1 billion for the quarter ended March 2018, compared to a profit of Rs 520 million a year ago. Net Sales rose 6.6% to Rs 7.0 billion during the period as against Rs 6.6 billion in January-March 2017.
For the year ended March 2017, ASHOKA BUILDCON reported 24.7% decrease in net profit to Rs 1.3 billion compared to net profit of Rs 1.7 billion during FY16.
Revenue of the company grew 5.4% to Rs 30 billion during FY17.
The current Price to earnings ratio of ASHOKA BUILDCON, based on rolling 12 month earnings, stands at 10.6x.
This article was originally published in English at www.equitymaster.com
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