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Jaiprakash Asso. Plunges 5%; BSE REALTY Index Up 1.2%
Tue, 11 Jun 14:39

Jaiprakash Asso. share price has plunged 5% and is presently trading at Rs 9.8.

Meanwhile, the BSE REALTY index is at 8,578.3 (up 1.2%).

MAHINDRA LIFESPACE (up 3.3%) and OBEROI REALTY (up 1.9%) are among the top gainers today.

Over the last one year, Jaiprakash Asso. has moved up from Rs 8.3 to Rs 9.8, registering a gain of Rs 1.5 (up 18.1%).

On the other hand, the BSE REALTY index has moved up from 4,051.3 to 8,578.3, registering a gain of 111.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 280.2%), PRESTIGE ESTATES (up 256.0%) and Brigade Enterprises (up 143.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,689.1 (up 0.3%).

The top gainers among the BSE Sensex today are L&T (up 2.3%) and Maruti Suzuki (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,333.5 (up 0.3%). ONGC and L&T are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,143.0 to 76,689.1, registering a gain of 13,546.1 points (up 21.5%).

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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