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Noida Toll Bridge Plunges 5%; BSE REALTY Index Up 1.4%
Tue, 19 Nov 15:43

Noida Toll Bridge Plunges 5%; BSE REALTY Index Up 1.4%Image source: ThinkNeo/www.istockphoto.com

Noida Toll Bridge share price has plunged 5% and is presently trading at Rs 15.4.

Meanwhile, the BSE REALTY index is at 7,550.0 (up 1.4%).

Among the top losers in the BSE REALTY index today are SUNTECK REALTY (down 0.3%) and DLF (down 0.1%).

PRESTIGE ESTATES (up 2.5%) and Godrej Properties (up 1.5%) are among the top gainers today.

Over the last one year, Noida Toll Bridge has moved up from Rs 13.5 to Rs 15.4, registering a gain of Rs 1.9 (up 14.2%).

On the other hand, the BSE REALTY index has moved up from 5,409.5 to 7,550.0, registering a gain of 39.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 83.5%), PRESTIGE ESTATES (up 81.0%) and Brigade Enterprises (up 55.4%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,578.4 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Tech Mahindra (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,518.5 (up 0.3%). M&M and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 77,578.4, registering a gain of 11,902.5 points (up 18.1%).

Noida Toll Bridge Financial Update...

Noida Toll Bridge net profit grew 34.2% YoY to Rs -58 million for the quarter ended September 2024, compared to a loss of Rs 89 million a year ago. Net sales rose 179.2% to Rs 99 million during the period as against Rs 35 million in July-September 2023.

For the year ended March 2024, Noida Toll Bridge reported 9.9% increase in net profit to Rs -317 million compared to net loss of Rs 351 million during FY23. Revenue of the company fell 12.2% to Rs 208 million during FY24.

The current Price to earnings ratio of Noida Toll Bridge, based on rolling 12 month earnings, stands at -11.6.


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