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Phoenix Mill Plunges 4%; BSE REALTY Index Down 0.5%
Tue, 1 Oct 9:51

Phoenix Mill Plunges 4%; BSE REALTY Index Down 0.5%Image source: ThinkNeo/www.istockphoto.com

Phoenix Mill share price has plunged 4% and is presently trading at Rs 1,783.9.

Meanwhile, the BSE REALTY index is at 8,552.1 (down 0.5%).

Among the top losers in the BSE REALTY index today are PRESTIGE ESTATES (down 1.9%) and Sobha (down 1.3%).

Godrej Properties (up 1.3%) and INDIABULLS REAL EST (up 0.8%) are among the top gainers today.

Over the last one year, Phoenix Mill has moved up from Rs 921.3 to Rs 1,783.9, registering a gain of Rs 862.6 (up 93.6%).

On the other hand, the BSE REALTY index has moved up from 4,609.9 to 8,552.1, registering a gain of 85.5% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 199.8%), Sobha (up 186.4%) and Brigade Enterprises (up 141.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,528.1 (up 0.3%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.6%) and Bajaj Finserv (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,528.1, registering a gain of 18,409.4 points (up 27.8%).

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 2024, Phoenix Mill reported 9.9% decrease in net profit to Rs 13,263 million compared to net profit of Rs 14,725 million during FY23. Revenue of the company grew 50.8% to Rs 39,777 million during FY24.

The current Price to earnings ratio of Phoenix Mill, based on rolling 12 month earnings, stands at 47.2.


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