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Noida Toll Bridge Gains 5%; BSE REALTY Index Up 1.0%
Fri, 16 Aug 9:23

Noida Toll Bridge Gains 5%; BSE REALTY Index Up 1.0%Image source: hudiemm/www.istockphoto.com

Noida Toll Bridge share price has zoomed 5% and is presently trading at Rs 14.1.

Meanwhile, the BSE REALTY index is at 8,073.1 (up 1.0%).

Among the top gainers in the BSE REALTY index today are INDIABULLS REAL EST (up 2.8%) and PRESTIGE ESTATES (up 2.7%).

Phoenix Mill (down 0.4%) and MAHINDRA LIFESPACE (down 0.1%) are among the top losers today.

Over the last one year, Noida Toll Bridge has moved up from Rs 6.7 to Rs 14.1, registering a gain of Rs 7.4 (up 110.3%).

On the other hand, the BSE REALTY index has moved up from 4,225.3 to 8,073.1, registering a gain of 91.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 231.6%), Sobha (up 211.3%) and INDIABULLS REAL EST (up 105.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,719.2 (up 0.8%).

The top gainers among the BSE Sensex today are M&M (up 2.4%) and Tech Mahindra (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.

In the meantime, NSE Nifty is at 24,342.4 (up 0.8%). M&M and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,719.2, registering a gain of 14,317.3 points (up 21.9%).

Noida Toll Bridge Financial Update...

Noida Toll Bridge net profit grew 42.2% YoY to Rs -53 million for the quarter ended June 2024, compared to a loss of Rs 92 million a year ago. Net sales rose 209.1% to Rs 100 million during the period as against Rs 32 million in April-June 2023.

For the year ended March 2023, Noida Toll Bridge reported 14.6% increase in net profit to Rs -351 million compared to net loss of Rs 411 million during FY22. Revenue of the company grew 47.0% to Rs 237 million during FY23.

The current Price to earnings ratio of Noida Toll Bridge, based on rolling 12 month earnings, stands at -9.4.


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