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Phoenix Mill Gains 3%; BSE REALTY Index Down 0.6%
Tue, 13 Aug 14:55

Phoenix Mill Gains 3%; BSE REALTY Index Down 0.6%Image source: Chunumunu/www.istockphoto.com

Phoenix Mill share price has zoomed 3% and is presently trading at Rs 3,425.2.

Meanwhile, the BSE REALTY index is at 8,039.9 (down 0.6%).

Among the top gainers in the BSE REALTY index today are INDIABULLS REAL EST (up 1.2%) and PRESTIGE ESTATES (up 0.8%).

OBEROI REALTY (down 3.8%) and MAHINDRA LIFESPACE (down 2.9%) are among the top losers today.

Over the last one year, Phoenix Mill has moved up from Rs 1,682.8 to Rs 3,425.2, registering a gain of Rs 1,742.4 (up 103.5%).

On the other hand, the BSE REALTY index has moved up from 4,277.6 to 8,039.9, registering a gain of 88.0% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 203.6%), Sobha (up 198.4%) and Phoenix Mill (up 103.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,943.5 (down 0.9%).

The top losers among the BSE Sensex today are HDFC Bank (down 3.3%) and Tata Motors (down 2.2%). The most traded stocks in the BSE Sensex are Reliance Ind. and Tata Steel.

In the meantime, NSE Nifty is at 24,150.9 (down 0.8%). BPCL and HDFC Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 78,943.5, registering a gain of 12,947.7 points (up 19.6%).

Phoenix Mill Financial Update...

Phoenix Mill net profit grew 8.2% YoY to Rs 3,134 million for the quarter ended June 2024, compared to a profit of Rs 2,897 million a year ago. Net sales rose 11.5% to Rs 9,041 million during the period as against Rs 8,106 million in April-June 2023.

For the year ended March 2023, Phoenix Mill reported 493.8% increase in net profit to Rs 14,725 million compared to net profit of Rs 2,480 million during FY22. Revenue of the company grew 77.8% to Rs 26,383 million during FY23.

The current Price to earnings ratio of Phoenix Mill, based on rolling 12 month earnings, stands at 45.3.

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