PRESTIGE ESTATES share price has plunged 3% and is presently trading at Rs 1,939.6.
Meanwhile, the BSE REALTY index is at 8,589.5 (down 1.4%).
Among the top losers in the BSE REALTY index today are SUNTECK REALTY (down 2.8%) and Brigade Enterprises (down 2.3%).
Sobha (up 0.2%) and DLF are among the top gainers today.
Over the last one year, PRESTIGE ESTATES has moved up from Rs 579.1 to Rs 1,939.6, registering a gain of Rs 1,360.5 (up 234.9%).
On the other hand, the BSE REALTY index has moved up from 4,070.4 to 8,589.5, registering a gain of 111.0% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 302.1%), PRESTIGE ESTATES (up 234.9%) and INDIABULLS REAL EST (up 161.0%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 78,664.1 (up 0.8%).
The top gainers among the BSE Sensex today are Reliance Ind. (up 4.2%) and Bharti Airtel (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..
In the meantime, NSE Nifty is at 23,864.9 (up 0.6%). Reliance Ind. and Bharti Airtel are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,664.1, registering a gain of 15,694.1 points (up 24.9%).
PRESTIGE ESTATES net profit fell 59.2% YoY to Rs 1,966 million for the quarter ended March 2024, compared to a profit of Rs 4,823 million a year ago. Net sales declined 17.8% to Rs 21,640 million during the period as against Rs 26,318 million in January-March 2023.
For the year ended March 2023, PRESTIGE ESTATES reported 12.2% decrease in net profit to Rs 10,668 million compared to net profit of Rs 12,148 million during FY22. Revenue of the company grew 30.1% to Rs 83,150 million during FY23.
The current Price to earnings ratio of PRESTIGE ESTATES, based on rolling 12 month earnings, stands at 48.1.
Equitymaster requests your view! Post a comment on "PRESTIGE ESTATES Plunges 3%; BSE REALTY Index Down 1.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!