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Parsvnath Dev Gains 8%; BSE REALTY Index Up 1.2%
Wed, 24 Jul 11:21

Parsvnath Dev Gains 8%; BSE REALTY Index Up 1.2%Image source: hudiemm/www.istockphoto.com

Parsvnath Dev share price has zoomed 8% and is presently trading at Rs 12.4.

Meanwhile, the BSE REALTY index is at 8,432.3 (up 1.2%).

Among the top gainers in the BSE REALTY index today are Sobha (up 6.4%) and PRESTIGE ESTATES (up 5.5%).

Phoenix Mill (down 4.9%) and Brigade Enterprises (down 1.1%) are among the top losers today.

Over the last one year, Parsvnath Dev has moved up from Rs 7.4 to Rs 12.4, registering a gain of Rs 5.0 (up 67.6%).

On the other hand, the BSE REALTY index has moved up from 4,299.6 to 8,432.3, registering a gain of 96.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 249.2%), PRESTIGE ESTATES (up 239.5%) and Phoenix Mill (up 120.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,207.9 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.6%) and Bajaj Finserv (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,441.4 (down 0.2%). Tata Consumer Products and Bajaj Finance are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,207.9, registering a gain of 13,823.1 points (up 20.8%).

Parsvnath Dev Financial Update...

Parsvnath Dev net profit grew 26.7% YoY to Rs -3,073 million for the quarter ended March 2024, compared to a loss of Rs 4,190 million a year ago. Net sales declined 68.9% to Rs 871 million during the period as against Rs 2,801 million in January-March 2023.

For the year ended March 2023, Parsvnath Dev reported 61.8% decrease in net profit to Rs -7,992 million compared to net loss of Rs 4,939 million during FY22. Revenue of the company fell 51.0% to Rs 4,403 million during FY23.

The current Price to earnings ratio of Parsvnath Dev, based on rolling 12 month earnings, stands at -0.9.

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