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Godrej Properties Gains 4%; BSE REALTY Index Up 0.6%
Wed, 25 Sep 14:59

Godrej Properties Gains 4%; BSE REALTY Index Up 0.6%Image source: Sakorn BernardaSv/www.istockphoto.com

Godrej Properties share price has zoomed 4% and is presently trading at Rs 3,332.0.

Meanwhile, the BSE REALTY index is at 8,820.0 (up 0.6%).

Among the top gainers in the BSE REALTY index today are MAHINDRA LIFESPACE (up 5.4%) and INDIABULLS REAL EST (up 3.1%).

PRESTIGE ESTATES (down 1.9%) and Phoenix Mill (down 1.6%) are among the top losers today.

Over the last one year, Godrej Properties has moved up from Rs 1,597.0 to Rs 3,332.0, registering a gain of Rs 1,735.1 (up 108.6%).

On the other hand, the BSE REALTY index has moved up from 4,562.1 to 8,820.0, registering a gain of 93.3% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 199.6%), Sobha (up 197.5%) and Brigade Enterprises (up 128.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,970.2 (up 0.1%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) 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 25,936.8 . LTIMINDTREE and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,970.2, registering a gain of 18,946.5 points (up 28.7%).

Godrej Properties Financial Update...

Godrej Properties net profit grew 584.2% YoY to Rs 5,806 million for the quarter ended June 2024, compared to a profit of Rs 849 million a year ago. Net sales declined 21.1% to Rs 7,390 million during the period as against Rs 9,361 million in April-June 2023.

For the year ended March 2024, Godrej Properties reported 20.4% increase in net profit to Rs 7,471 million compared to net profit of Rs 6,206 million during FY23. Revenue of the company grew 34.8% to Rs 30,356 million during FY24.

The current Price to earnings ratio of Godrej Properties, based on rolling 12 month earnings, stands at 76.3.


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