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Jaiprakash Asso. Plunges 5%; BSE REALTY Index Up 0.2%
Tue, 2 Jul 13:13

Jaiprakash Asso. Plunges 5%; BSE REALTY Index Up 0.2%Image source: KanawatTH/www.istockphoto.com

Jaiprakash Asso. share price has plunged 5% and is presently trading at Rs 9.6.

Meanwhile, the BSE REALTY index is at 8,621.2 (up 0.2%).

Among the top losers in the BSE REALTY index today are SUNTECK REALTY (down 2.1%) and MAHINDRA LIFESPACE (down 1.4%).

Godrej Properties (up 4.3%) and Sobha (up 4.0%) are among the top gainers today.

Over the last one year, Jaiprakash Asso. has moved up from Rs 7.9 to Rs 9.6, registering a gain of Rs 1.7 (up 21.6%).

On the other hand, the BSE REALTY index has moved up from 4,140.6 to 8,621.2, registering a gain of 108.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 284.8%), PRESTIGE ESTATES (up 216.9%) and INDIABULLS REAL EST (up 152.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,345.3 (down 0.2%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,089.9 (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 79,345.3, registering a gain of 15,429.9 points (up 24.1%).

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 -1.9.


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