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Phoenix Mill Plunges 6%; BSE REALTY Index Down 0.3%
Mon, 28 Oct 9:21

Phoenix Mill Plunges 6%; BSE REALTY Index Down 0.3%Image source: ThinkNeo/www.istockphoto.com

Phoenix Mill share price has plunged 6% and is presently trading at Rs 1,400.1.

Meanwhile, the BSE REALTY index is at 7,593.7 (down 0.3%).

Among the top losers in the BSE REALTY index today are MAHINDRA LIFESPACE (down 2.5%) and Brigade Enterprises (down 1.7%).

DLF (up 1.2%) is among the top gainers today.

Over the last one year, Phoenix Mill has moved up from Rs 896.6 to Rs 1,400.1, registering a gain of Rs 503.4 (up 56.1%).

On the other hand, the BSE REALTY index has moved up from 4,604.3 to 7,593.7, registering a gain of 64.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 123.1%), PRESTIGE ESTATES (up 121.8%) and Brigade Enterprises (up 92.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,703.8 (up 0.4%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.6%) and NTPC (up 1.2%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,249.7 (up 0.3%). Shriram Transport and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,703.8, registering a gain of 15,654.7 points (up 24.4%).

Phoenix Mill Financial Update...

Phoenix Mill net profit fell 4.3% YoY to Rs 2,906 million for the quarter ended September 2024, compared to a profit of Rs 3,038 million a year ago. Net sales rose 4.9% to Rs 9,180 million during the period as against Rs 8,750 million in July-September 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 37.4.


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