Akash Infraprojects Q3 Result 2024: Date and Time, Share Price and Target

News: Akash Infraprojects, a prominent player in the construction industry, is set to announce its Q3 2024 results. Investors and stakeholders eagerly await this update to gauge the company’s financial health and performance. In this article, we’ll delve into the key aspects of Akash Infraprojects’ Q3 results, including the date and time of the announcement, share price movements, and potential targets.

1. Date and Time of Q3 Result Announcement

The official date for Akash Infraprojects’ Q3 result announcement is yet to be confirmed. However, market watchers anticipate it to be around mid-February 2024. Keep an eye on the company’s official communication channels and stock exchange notifications for the precise date and time.

2. Share Price Insights

As of February 9, 2024, Akash Infraprojects’ share price stands at Rs 38.90 on the National Stock Exchange (NSE). This reflects a 1.40% decline from the previous closing price of Rs 39.45. The stock’s performance over the past year has been relatively stable, with a beta of 0.05 indicating low volatility.

Key Metrics:

• Price-to-Earnings (PE) Ratio: Currently not applicable due to negative earnings.
• Earnings per Share (EPS): TTM (trailing twelve months) EPS is -0.30 INR.
• Market Capitalization (MCap): Approximately Rs 65.60 crore.
• Price-to-Book (PB) Ratio: 0.80.
• Dividend Yield: 0.00%.
• Face Value: Rs 10.00.

3. Target Analysis

While specific price targets are subject to market dynamics and analyst forecasts, projections for Akash Infraprojects’ stock price in 2024 range from Rs 50.9 (downside) to Rs 52.9 (upside). These estimates are based on anticipated future earnings and investor sentiment.

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About Akash Infraprojects :

Akash Infraprojects Limited is a listed public company incorporated on May 14, 1999. It operates in the construction industry and is based in Gandhinagar, Gujarat. Here are some key details about the company:

Business Focus:

• Akash Infraprojects provides real estate development and construction services.
• The company is involved in constructing residential and commercial projects, including villas, apartments, malls, and hospital buildings.

Financial Snapshot:

• Authorized Share Capital: INR 17.00 crore.
• Total Paid-up Capital: INR 16.86 crore.
• The company’s share price on the National Stock Exchange (NSE) as of February 9, 2024, is Rs 38.90.
• Over the past year, the stock has exhibited relatively stable performance with a low volatility (beta of 0.05).

Directors:

• The company has nine directors, including Yoginkumar Haribhai Patel and Ambusinh Punjaji Gol.
• Corporate Identification Number (CIN): L45209GJ1999PLC036003.

Registered Office:

• Address: 2 Ground Floor Abhishek Complex, Opp. Hotel Haveli, Sector-11, Gandhinagar, Gujarat.

Investors should closely monitor Akash Infraprojects’ Q3 results for insights into its financial performance. Whether you’re a seasoned investor or a curious observer, stay informed about this construction giant’s journey in the market.

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