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Puravankara Gains 5%; BSE REALTY Index Up 0.5%
Tue, 26 Nov 9:22

Puravankara Gains 5%; BSE REALTY Index Up 0.5%Image source: phive2015/www.istockphoto.com

Puravankara share price has zoomed 5% and is presently trading at Rs 346.4.

Meanwhile, the BSE REALTY index is at 8,071.8 (up 0.5%).

Among the top gainers in the BSE REALTY index today are Sobha (up 1.1%) and SUNTECK REALTY (up 0.9%).

Brigade Enterprises (down 0.5%) is among the top losers today.

Over the last one year, Puravankara has moved up from Rs 159.5 to Rs 346.4, registering a gain of Rs 186.9 (up 117.1%).

On the other hand, the BSE REALTY index has moved up from 5,493.3 to 8,071.8, registering a gain of 46.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 91.0%), Sobha (up 90.5%) and Brigade Enterprises (up 67.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,329.3 (up 0.3%).

The top gainers among the BSE Sensex today are Infosys (up 1.6%) and Bharti Airtel (up 1.3%). The most traded stocks in the BSE Sensex are HDFC Bank and ITC.

In the meantime, NSE Nifty is at 24,310.4 (up 0.4%). Infosys and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 80,329.3, registering a gain of 14,306.1 points (up 21.7%).

Puravankara Financial Update...

Puravankara net profit fell 169.2% YoY to Rs -249 million for the quarter ended September 2024, compared to a loss of Rs 93 million a year ago. Net sales rose 34.5% to Rs 4,955 million during the period as against Rs 3,683 million in July-September 2023.

For the year ended March 2024, Puravankara reported 36.9% decrease in net profit to Rs 420 million compared to net profit of Rs 665 million during FY23. Revenue of the company grew 76.8% to Rs 21,853 million during FY24.

The current Price to earnings ratio of Puravankara, based on rolling 12 month earnings, stands at 126.4.


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