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PRESTIGE ESTATES Plunges 5%; BSE REALTY Index Down 0.4%
Wed, 27 Nov 9:29

PRESTIGE ESTATES Plunges 5%; BSE REALTY Index Down 0.4%Image source: DNY59/www.istockphoto.com

PRESTIGE ESTATES share price has plunged 5% and is presently trading at Rs 1,641.0.

Meanwhile, the BSE REALTY index is at 8,001.1 (down 0.4%).

Among the top losers in the BSE REALTY index today are SUNTECK REALTY (down 2.0%) and Godrej Properties (down 1.5%).

Phoenix Mill (up 0.9%) and Brigade Enterprises (up 0.7%) are among the top gainers today.

Over the last one year, PRESTIGE ESTATES has moved up from Rs 959.0 to Rs 1,641.0, registering a gain of Rs 682.1 (up 71.1%).

On the other hand, the BSE REALTY index has moved up from 5,597.5 to 8,001.1, registering a gain of 42.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 87.0%), PRESTIGE ESTATES (up 71.1%) and Brigade Enterprises (up 57.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,975.8 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.0%) and Indusind Bank (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,186.5 . Cipla and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,975.8, registering a gain of 13,801.6 points (up 20.9%).

PRESTIGE ESTATES Financial Update...

PRESTIGE ESTATES net profit fell 73.2% YoY to Rs 2,457 million for the quarter ended September 2024, compared to a profit of Rs 9,177 million a year ago. Net sales rose 3.0% to Rs 23,044 million during the period as against Rs 22,364 million in July-September 2023.

For the year ended March 2024, PRESTIGE ESTATES reported 52.7% increase in net profit to Rs 16,287 million compared to net profit of Rs 10,668 million during FY23. Revenue of the company fell 5.3% to Rs 78,771 million during FY24.

The current Price to earnings ratio of PRESTIGE ESTATES, based on rolling 12 month earnings, stands at 74.9.


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