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Jaiprakash Asso. Plunges 2%; BSE REALTY Index Down 0.7%
Tue, 25 Jun 9:35

Jaiprakash Asso. Plunges 2%; BSE REALTY Index Down 0.7%Image source: bluebay2014/www.istockphoto.com

Jaiprakash Asso. share price has plunged 2% and is presently trading at Rs 10.0.

Meanwhile, the BSE REALTY index is at 8,804.0 (down 0.7%).

Among the top losers in the BSE REALTY index today are Brigade Enterprises (down 1.7%) and INDIABULLS REAL EST (down 1.6%).

Sobha (up 2.1%) and Phoenix Mill (up 1.4%) are among the top gainers today.

Over the last one year, Jaiprakash Asso. has moved up from Rs 8.0 to Rs 10.0, registering a gain of Rs 2.0 (up 25.5%).

On the other hand, the BSE REALTY index has moved up from 4,117.2 to 8,804.0, registering a gain of 113.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 285.7%), PRESTIGE ESTATES (up 252.8%) and INDIABULLS REAL EST (up 160.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,496.4 (up 0.2%).

The top gainers among the BSE Sensex today are HDFC Bank (up 1.0%) and Ultratech Cement (up 0.9%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,589.9 (up 0.2%). Ultratech Cement and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,496.4, registering a gain of 13,973.3 points (up 22.0%).

Jaiprakash Asso. Financial Update...

Jaiprakash Asso. net profit fell 130.6% YoY to Rs -3,591 million for the quarter ended March 2024, compared to a loss of Rs 1,557 million a year ago. Net sales declined 8.7% to Rs 17,409 million during the period as against Rs 19,077 million in January-March 2023.

For the year ended March 2023, Jaiprakash Asso. reported 22.7% increase in net profit to Rs -8,244 million compared to net loss of Rs 10,664 million during FY22. Revenue of the company grew 26.3% to Rs 72,631 million during FY23.

The current Price to earnings ratio of Jaiprakash Asso., based on rolling 12 month earnings, stands at -2.0.


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