PSP PROJECTS share price has zoomed 4% and is presently trading at Rs 650.0.
Meanwhile, the BSE REALTY index is at 8,006.5 (up 0.1%).
Among the top gainers in the BSE REALTY index today are PRESTIGE ESTATES (up 2.6%) and Brigade Enterprises (up 1.3%).
DLF (down 1.0%) and Godrej Properties (down 0.9%) are among the top losers today.
Over the last one year, PSP PROJECTS has moved down from Rs 750.8 to Rs 650.0, registering a loss of Rs 100.8 (down 13.4%).
On the other hand, the BSE REALTY index has moved up from 5,597.5 to 8,006.5, registering a gain of 43.0% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 89.7%), PRESTIGE ESTATES (up 74.3%) and Brigade Enterprises (up 59.7%).
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The BSE Sensex is at 79,043.7 (down 1.5%).
The top losers among the BSE Sensex today are M&M (down 3.4%) and Infosys (down 3.3%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Tata Steel.
In the meantime, NSE Nifty is at 23,957.5 (down 1.3%). SBI LIFE INSURANCE and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,043.7, registering a gain of 12,869.5 points (up 19.4%).
PSP PROJECTS net profit fell 73.4% YoY to Rs 102 million for the quarter ended September 2024, compared to a profit of Rs 385 million a year ago. Net sales declined 5.4% to Rs 5,860 million during the period as against Rs 6,197 million in July-September 2023.
For the year ended March 2024, PSP PROJECTS reported 8.3% decrease in net profit to Rs 1,235 million compared to net profit of Rs 1,346 million during FY23. Revenue of the company grew 29.3% to Rs 25,058 million during FY24.
The current Price to earnings ratio of PSP PROJECTS, based on rolling 12 month earnings, stands at 28.0.
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