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Jaiprakash Asso. Plunges 5%; BSE REALTY Index Up 0.6%
Thu, 4 Jul 9:54

Jaiprakash Asso. Plunges 5%; BSE REALTY Index Up 0.6%Image source: DNY59/www.istockphoto.com

Jaiprakash Asso. share price has plunged 5% and is presently trading at Rs 8.7.

Meanwhile, the BSE REALTY index is at 8,747.8 (up 0.6%).

Among the top losers in the BSE REALTY index today are Godrej Properties (down 0.2%) and SUNTECK REALTY (down 0.1%).

Brigade Enterprises (up 2.9%) and MAHINDRA LIFESPACE (up 2.2%) are among the top gainers today.

Over the last one year, Jaiprakash Asso. has moved up from Rs 8.0 to Rs 8.7, registering a gain of Rs 0.6 (up 7.6%).

On the other hand, the BSE REALTY index has moved up from 4,196.4 to 8,747.8, registering a gain of 108.5% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 271.6%), PRESTIGE ESTATES (up 215.0%) and INDIABULLS REAL EST (up 151.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,335.2 (up 0.4%).

The top gainers among the BSE Sensex today are ICICI Bank (up 1.9%) and HCl Tech. (up 1.8%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.

In the meantime, NSE Nifty is at 24,388.5 (up 0.4%). ICICI Bank and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,335.2, registering a gain of 15,130.1 points (up 23.2%).

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 -1.8.


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