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PSP PROJECTS Plunges 4%; BSE REALTY Index Up 3.2%
Mon, 2 Dec 15:57

PSP PROJECTS Plunges 4%; BSE REALTY Index Up 3.2%Image source: bluebay2014/www.istockphoto.com

PSP PROJECTS share price has plunged 4% and is presently trading at Rs 643.0.

Meanwhile, the BSE REALTY index is at 8,211.3 (up 3.2%).

Among the top losers in the BSE REALTY index today are Sobha (down 1.4%) and MAHINDRA LIFESPACE (down 0.4%).

Godrej Properties (up 4.3%) and OBEROI REALTY (up 3.6%) are among the top gainers today.

Over the last one year, PSP PROJECTS has moved down from Rs 750.8 to Rs 643.0, registering a loss of Rs 107.8 (down 14.4%).

On the other hand, the BSE REALTY index has moved up from 5,597.5 to 8,211.3, registering a gain of 46.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 88.8%), PRESTIGE ESTATES (up 78.3%) and Brigade Enterprises (up 61.2%).

End of Year Sale: Save Rs 6,050 on our small cap research

What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

PSP PROJECTS Financial Update...

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 27.7.

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