Godrej Properties share price has zoomed 5% and is presently trading at Rs 3,297.5.
Meanwhile, the BSE REALTY index is at 8,611.2 (up 0.1%).
Among the top gainers in the BSE REALTY index today are Sobha (up 3.9%) and Brigade Enterprises (up 1.8%).
SUNTECK REALTY (down 2.2%) and MAHINDRA LIFESPACE (down 1.5%) are among the top losers today.
Over the last one year, Godrej Properties has moved up from Rs 1,583.5 to Rs 3,297.5, registering a gain of Rs 1,714.1 (up 108.2%).
On the other hand, the BSE REALTY index has moved up from 4,140.6 to 8,611.2, registering a gain of 108.0% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 284.7%), PRESTIGE ESTATES (up 216.1%) and INDIABULLS REAL EST (up 152.7%).
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The BSE Sensex is at 79,340.3 (down 0.2%).
The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.
In the meantime, NSE Nifty is at 24,104.5 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,340.3, registering a gain of 15,424.9 points (up 24.1%).
Godrej Properties net profit grew 21.6% YoY to Rs 4,410 million for the quarter ended March 2024, compared to a profit of Rs 3,626 million a year ago. Net sales declined 13.4% to Rs 14,261 million during the period as against Rs 16,463 million in January-March 2023.
For the year ended March 2023, Godrej Properties reported 77.0% increase in net profit to Rs 6,206 million compared to net profit of Rs 3,506 million during FY22. Revenue of the company grew 23.4% to Rs 22,523 million during FY23.
The current Price to earnings ratio of Godrej Properties, based on rolling 12 month earnings, stands at 127.5.
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