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Rel.Indus.Infras Gains 4%; BSE REALTY Index Down 0.4%
Wed, 16 Oct 9:40

Rel.Indus.Infras Gains 4%; BSE REALTY Index Down 0.4%Image source: DNY59/www.istockphoto.com

Rel.Indus.Infras share price has zoomed 4% and is presently trading at Rs 1,256.0.

Meanwhile, the BSE REALTY index is at 8,387.3 (down 0.4%).

Among the top gainers in the BSE REALTY index today are INDIABULLS REAL EST (up 0.9%) and MAHINDRA LIFESPACE (up 0.6%).

PRESTIGE ESTATES (down 1.2%) and Brigade Enterprises (down 1.0%) are among the top losers today.

Over the last one year, Rel.Indus.Infras has moved up from Rs 1,070.3 to Rs 1,256.0, registering a gain of Rs 185.8 (up 17.4%).

On the other hand, the BSE REALTY index has moved up from 4,870.1 to 8,387.3, registering a gain of 72.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 160.2%), Sobha (up 138.2%) and Brigade Enterprises (up 114.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,755.5 (down 0.1%).

The top losers among the BSE Sensex today are M&M (down 1.6%) and Nestle (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,068.5 . HDFC LIFE INSURANCE and IOC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,755.5, registering a gain of 15,588.5 points (up 23.6%).

Rel.Indus.Infras Financial Update...

Rel.Indus.Infras net profit fell 1.6% YoY to Rs 24 million for the quarter ended September 2024, compared to a profit of Rs 25 million a year ago. Net sales declined 14.8% to Rs 122 million during the period as against Rs 144 million in July-September 2023.

For the year ended March 2024, Rel.Indus.Infras reported 24.2% decrease in net profit to Rs 133 million compared to net profit of Rs 176 million during FY23. Revenue of the company fell 15.0% to Rs 477 million during FY24.

The current Price to earnings ratio of Rel.Indus.Infras, based on rolling 12 month earnings, stands at 181.7.


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