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Godrej Properties Plunges 4%; BSE REALTY Index Down 3.4%
Thu, 3 Oct 12:16

Godrej Properties Plunges 4%; BSE REALTY Index Down 3.4%Image source: asbe/www.istockphoto.com

Godrej Properties share price has plunged 4% and is presently trading at Rs 3,135.0.

Meanwhile, the BSE REALTY index is at 8,282.8 (down 3.4%).

Among the top losers in the BSE REALTY index today are Phoenix Mill (down 4.8%) and Brigade Enterprises (down 4.3%).

Over the last one year, Godrej Properties has moved up from Rs 1,556.1 to Rs 3,135.0, registering a gain of Rs 1,578.9 (up 101.5%).

On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,282.8, registering a gain of 79.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 187.5%), Sobha (up 166.1%) and Brigade Enterprises (up 135.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,017.8 (down 1.5%).

The top losers among the BSE Sensex today are Tata Motors (down 4.0%) and Asian Paints (down 3.5%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..

In the meantime, NSE Nifty is at 25,391.2 (down 1.6%). BPCL and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,017.8, registering a gain of 17,505.7 points (up 26.7%).

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 71.7.

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