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DB REALTY Plunges 5%; BSE REALTY Index Down 1.2%
Wed, 10 Jul 11:26

DB REALTY Plunges 5%; BSE REALTY Index Down 1.2%Image source: phive2015/www.istockphoto.com

DB REALTY share price has plunged 5% and is presently trading at Rs 207.0.

Meanwhile, the BSE REALTY index is at 8,697.4 (down 1.2%).

Among the top losers in the BSE REALTY index today are INDIABULLS REAL EST (down 5.1%) and Phoenix Mill (down 3.1%).

Brigade Enterprises (up 1.6%) is among the top gainers today.

Over the last one year, DB REALTY has moved up from Rs 78.9 to Rs 207.0, registering a gain of Rs 128.1 (up 162.4%).

On the other hand, the BSE REALTY index has moved up from 4,216.3 to 8,697.4, registering a gain of 106.3% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 262.4%), PRESTIGE ESTATES (up 199.4%) and Phoenix Mill (up 147.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,619.6 (down 0.9%).

The top losers among the BSE Sensex today are M&M (down 6.6%) and HCl Tech. (down 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,217.1 (down 0.9%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,619.6, registering a gain of 14,275.4 points (up 21.8%).

DB REALTY Financial Update...

DB REALTY net profit grew 81.1% YoY to Rs -106 million for the quarter ended March 2024, compared to a loss of Rs 562 million a year ago. Net sales rose 147.2% to Rs 1,442 million during the period as against Rs 584 million in January-March 2023.

For the year ended March 2023, DB REALTY reported 513.2% decrease in net profit to Rs -900 million compared to net profit of Rs 218 million during FY22. Revenue of the company grew 218.2% to Rs 6,982 million during FY23.

The current Price to earnings ratio of DB REALTY, based on rolling 12 month earnings, stands at 8.4.


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