Godrej Properties share price has zoomed 5% and is presently trading at Rs 2,898.2.
Meanwhile, the BSE REALTY index is at 8,211.3 (up 3.2%).
Among the top gainers in the BSE REALTY index today are OBEROI REALTY (up 3.6%) and PRESTIGE ESTATES (up 3.6%).
Sobha (down 1.4%) and MAHINDRA LIFESPACE (down 0.4%) are among the top losers today.
Over the last one year, Godrej Properties has moved up from Rs 1,839.0 to Rs 2,898.2, registering a gain of Rs 1,059.2 (up 57.6%).
On the other hand, the BSE REALTY index has moved up from 5,597.5 to 8,211.3, registering a gain of 46.7% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 88.8%), PRESTIGE ESTATES (up 78.3%) and Brigade Enterprises (up 61.2%).
End of Year Sale: Save Rs 6,050 on our small cap research
The BSE Sensex is at 80,248.1 (up 0.6%).
The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).
Godrej Properties net profit grew 217.1% YoY to Rs 3,370 million for the quarter ended September 2024, compared to a profit of Rs 1,063 million a year ago. Net sales rose 218.7% to Rs 10,932 million during the period as against Rs 3,430 million in July-September 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 55.7.
Equitymaster requests your view! Post a comment on "Godrej Properties Gains 5%; BSE REALTY Index Up 3.2%". 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!