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Peninsula Land Gains 5%; BSE REALTY Index Up 1.0%
Thu, 21 Nov 15:21

Peninsula Land Gains 5%; BSE REALTY Index Up 1.0%Image source: phive2015/www.istockphoto.com

Peninsula Land share price has zoomed 5% and is presently trading at Rs 51.7.

Meanwhile, the BSE REALTY index is at 7,627.0 (up 1.0%).

Among the top gainers in the BSE REALTY index today are PRESTIGE ESTATES (up 4.0%) and Phoenix Mill (up 3.8%).

MAHINDRA LIFESPACE (down 3.5%) and SUNTECK REALTY (down 2.2%) are among the top losers today.

Over the last one year, Peninsula Land has moved up from Rs 41.2 to Rs 51.7, registering a gain of Rs 10.5 (up 25.5%).

On the other hand, the BSE REALTY index has moved up from 5,472.1 to 7,627.0, registering a gain of 39.4% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 84.8%), Sobha (up 77.9%) and Brigade Enterprises (up 60.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,162.3 (down 0.5%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 13.6%) and NTPC (down 2.7%). The most traded stocks in the BSE Sensex are Tata Steel and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 23,349.4 (down 0.7%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,162.3, registering a gain of 11,507.1 points (up 17.5%).

Peninsula Land Financial Update...

Peninsula Land net profit fell 61.9% YoY to Rs 35 million for the quarter ended September 2024, compared to a profit of Rs 91 million a year ago. Net sales declined 53.1% to Rs 607 million during the period as against Rs 1,295 million in July-September 2023.

For the year ended March 2024, Peninsula Land reported 33.2% increase in net profit to Rs 1,283 million compared to net profit of Rs 963 million during FY23. Revenue of the company fell 42.8% to Rs 5,720 million during FY24.

The current Price to earnings ratio of Peninsula Land, based on rolling 12 month earnings, stands at 28.4.


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