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Puravankara Gains 5%; BSE REALTY Index Up 1.7%
Mon, 29 Jul 12:27

Puravankara Gains 5%; BSE REALTY Index Up 1.7%Image source: alexsl/www.istockphoto.com

Puravankara share price has zoomed 5% and is presently trading at Rs 468.8.

Meanwhile, the BSE REALTY index is at 8,560.2 (up 1.7%).

Among the top gainers in the BSE REALTY index today are DLF (up 4.5%) and PRESTIGE ESTATES (up 2.8%).

INDIABULLS REAL EST (down 1.0%) is among the top losers today.

Over the last one year, Puravankara has moved up from Rs 100.4 to Rs 468.8, registering a gain of Rs 368.4 (up 367.0%).

On the other hand, the BSE REALTY index has moved up from 4,282.5 to 8,560.2, registering a gain of 99.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 239.5%), Sobha (up 220.5%) and Brigade Enterprises (up 124.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,287.4 (down 0.1%).

The top losers among the BSE Sensex today are Bharti Airtel (down 2.3%) and Titan (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,824.9 . Titan and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,287.4, registering a gain of 14,931.7 points (up 22.5%).

Puravankara Financial Update...

Puravankara net profit grew 22.6% YoY to Rs -53 million for the quarter ended March 2024, compared to a loss of Rs 69 million a year ago. Net sales rose 136.5% to Rs 9,200 million during the period as against Rs 3,890 million in January-March 2023.

For the year ended March 2023, Puravankara reported 54.9% decrease in net profit to Rs 665 million compared to net profit of Rs 1,476 million during FY22. Revenue of the company grew 29.4% to Rs 12,358 million during FY23.

The current Price to earnings ratio of Puravankara, based on rolling 12 month earnings, stands at 226.2.

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