HIND. CONSTRUCTION plunges by 5%; BSE REALTY Index Down 0.6%

- June 22, 2018

Posted by Equitymaster

HIND. CONSTRUCTION share price has plunged 5% and is presently trading at Rs 13.

Meanwhile, the BSE REALTY Index is at 2,161 (Down 0.6%).

Among the top losers in the BSE REALTY Index today is HIND. CONSTRUCTION (down 5.45%)

UNITECH (up 1.36%) and OMAXE LTD (up 0.71%) are among the top gainers today.

Over the last one year, HIND. CONSTRUCTION has moved down from Rs 42 to Rs 13, registering a loss of Rs 28 (down 68.55%).

The BSE REALTY has moved up from 2,105 to 2,161, registering a gain of 56 points (up 2.66%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 42.21%), GODREJ PROPERTIES (up 35.92%) and OBEROI REALTY (up 35.21%).

What About the Benchmark Indices?

The BSE Sensex is at 35,524 (up 0.22%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.79%), M&M (up 2.27%) and ITC LTD (up 1.84%). Other gainers include AXIS BANK (up 1.67%) and BHARTI AIRTEL (up 1.09%). The most traded stocks in the BSE Sensex are TATA STEEL and ICICI BANK.

In the meantime, NSE Nifty is at 10,770 (up 0.23%). SUN PHARMA (up 2.95%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,284 to 35,524, registering a gain of 4,240 points (up 13.51%).

HIND. CONSTRUCTION Financial Update...

HIND. CONSTRUCTION net profit declined 35.8% YoY to Rs 201 million for the quarter ended March 2018, compared to a loss of Rs 313 million a year ago. Net Sales rose 17.2% to Rs 14.4 billion during the period as against Rs 12.3 billion in January-March 2017.

For the year ended March 2017, HIND. CONSTRUCTION reported 109.7% increase in net profit to Rs 8.9 billion compared to net profit of Rs 4.2 billion during FY16.

Revenue of the company grew 15.5% to Rs 99 billion during FY17.

The current Price to earnings ratio of HIND. CONSTRUCTION, based on rolling 12 month earnings, stands at 16.0x.</ p >

This article (HIND. CONSTRUCTION plunges by 5%; BSE REALTY Index Down 0.6%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.