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MAHINDRA LIFESPACE Plunges 5%; BSE REALTY Index Down 0.2%
Mon, 7 Oct 10:33

MAHINDRA LIFESPACE  Plunges 5%; BSE REALTY Index Down 0.2%Image source: Ivcandy/www.istockphoto.com

MAHINDRA LIFESPACE share price has plunged 5% and is presently trading at Rs 493.0.

Meanwhile, the BSE REALTY index is at 8,041.2 (down 0.2%).

Among the top losers in the BSE REALTY index today are Sobha (down 3.9%) and INDIABULLS REAL EST (down 2.8%).

Brigade Enterprises (up 0.6%) and Phoenix Mill (up 0.5%) are among the top gainers today.

Over the last one year, MAHINDRA LIFESPACE has moved down from Rs 549.3 to Rs 493.0, registering a loss of Rs 56.4 (down 10.3%).

On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,041.2, registering a gain of 73.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 178.4%), Sobha (up 153.9%) and Brigade Enterprises (up 137.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,860.9 (up 0.2%).

The top gainers among the BSE Sensex today are ITC (up 1.6%) and ICICI Bank (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,020.7 . ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,860.9, registering a gain of 16,348.8 points (up 25.0%).

MAHINDRA LIFESPACE Financial Update...

MAHINDRA LIFESPACE net profit grew 18.0% YoY to Rs -237 million for the quarter ended June 2024, compared to a loss of Rs 289 million a year ago. Net sales rose 91.9% to Rs 1,881 million during the period as against Rs 980 million in April-June 2023.

For the year ended March 2024, MAHINDRA LIFESPACE reported 4.4% decrease in net profit to Rs 983 million compared to net profit of Rs 1,028 million during FY23. Revenue of the company fell 65.0% to Rs 2,121 million during FY24.

The current Price to earnings ratio of MAHINDRA LIFESPACE , based on rolling 12 month earnings, stands at -100.6.


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