Godrej Properties share price has zoomed 4% and is presently trading at Rs 2,934.5.
Meanwhile, the BSE REALTY index is at 7,893.8 (up 1.8%).
Among the top gainers in the BSE REALTY index today are Brigade Enterprises (up 5.5%) and INDIABULLS REAL EST (up 2.6%).
MAHINDRA LIFESPACE (down 1.1%) and SUNTECK REALTY (down 0.2%) are among the top losers today.
Over the last one year, Godrej Properties has moved up from Rs 1,660.5 to Rs 2,934.5, registering a gain of Rs 1,274.0 (up 76.7%).
On the other hand, the BSE REALTY index has moved up from 4,392.3 to 7,893.8, registering a gain of 79.7% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 201.2%), PRESTIGE ESTATES (up 188.6%) and Brigade Enterprises (up 106.7%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 79,156.7 (up 0.5%).
The top gainers among the BSE Sensex today are Tech Mahindra (up 2.1%) and JSW Steel (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,155.9 (up 0.4%). Tech Mahindra and Grasim Industries are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,156.7, registering a gain of 13,373.9 points (up 20.3%).
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 67.2.
Equitymaster requests your view! Post a comment on "Godrej Properties Gains 4%; BSE REALTY Index Up 1.8%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!