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Godrej Properties Plunges 3%; BSE REALTY Index Down 0.0%
Mon, 16 Sep 13:36

Godrej Properties Plunges 3%; BSE REALTY Index Down 0.0%Image source: Sefa Ozel/www.istockphoto.com

Godrej Properties share price has plunged 3% and is presently trading at Rs 2,870.7.

Meanwhile, the BSE REALTY index is at 8,231.4 .

Among the top losers in the BSE REALTY index today are MAHINDRA LIFESPACE (down 0.9%) and INDIABULLS REAL EST (down 0.8%).

Phoenix Mill (up 4.0%) and Brigade Enterprises (up 0.8%) are among the top gainers today.

Over the last one year, Godrej Properties has moved up from Rs 1,622.9 to Rs 2,870.7, registering a gain of Rs 1,247.8 (up 76.9%).

On the other hand, the BSE REALTY index has moved up from 4,618.6 to 8,231.4, registering a gain of 78.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 206.4%), Sobha (up 180.9%) and Brigade Enterprises (up 122.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,041.0 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.1%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,401.0 (up 0.2%). JSW Steel and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,221.1 to 83,041.0, registering a gain of 15,819.9 points (up 23.5%).

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 65.7.


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