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Puravankara Plunges 4%; BSE REALTY Index Up 1.4%
Thu, 14 Nov 12:6

Puravankara Plunges 4%; BSE REALTY Index Up 1.4%Image source: Sefa Ozel/www.istockphoto.com

Puravankara share price has plunged 4% and is presently trading at Rs 346.8.

Meanwhile, the BSE REALTY index is at 7,421.6 (up 1.4%).

Among the top losers in the BSE REALTY index today is MAHINDRA LIFESPACE (down 1.3%).

OBEROI REALTY (up 3.0%) and DLF (up 1.5%) are among the top gainers today.

Over the last one year, Puravankara has moved up from Rs 152.4 to Rs 346.8, registering a gain of Rs 194.4 (up 127.6%).

On the other hand, the BSE REALTY index has moved up from 5,271.5 to 7,421.6, registering a gain of 40.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 91.8%), PRESTIGE ESTATES (up 76.3%) and OBEROI REALTY (up 57.0%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,517.4 (down 0.2%).

The top losers among the BSE Sensex today are ITC (down 2.1%) and Hindustan Unilever (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,525.0 (down 0.1%). BPCL and Hindustan Unilever are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,517.4, registering a gain of 12,257.9 points (up 18.8%).

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 126.6.


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