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SHRIRAM PROPERTIES Gains 6%; BSE REALTY Index Down 1.1%
Fri, 23 Aug 11:12

SHRIRAM PROPERTIES  Gains 6%; BSE REALTY Index Down 1.1%Image source: Sakorn BernardaSv/www.istockphoto.com

SHRIRAM PROPERTIES share price has zoomed 6% and is presently trading at Rs 133.9.

Meanwhile, the BSE REALTY index is at 8,062.9 (down 1.1%).

Among the top gainers in the BSE REALTY index today are SUNTECK REALTY (up 2.6%) and INDIABULLS REAL EST (up 1.0%).

OBEROI REALTY (down 1.6%) and Brigade Enterprises (down 1.4%) are among the top losers today.

Over the last one year, SHRIRAM PROPERTIES has moved up from Rs 75.6 to Rs 133.9, registering a gain of Rs 58.3 (up 77.1%).

On the other hand, the BSE REALTY index has moved up from 4,287.0 to 8,062.9, registering a gain of 88.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 210.3%), Sobha (up 199.9%) and INDIABULLS REAL EST (up 125.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,141.6 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.7%) and Sun Pharma (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,847.2 (up 0.1%). Bajaj Auto and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,141.6, registering a gain of 15,925.5 points (up 24.4%).

SHRIRAM PROPERTIES Financial Update...

SHRIRAM PROPERTIES net profit grew 35.2% YoY to Rs 143 million for the quarter ended June 2024, compared to a profit of Rs 106 million a year ago. Net sales rose 14.0% to Rs 1,540 million during the period as against Rs 1,350 million in April-June 2023.

For the year ended March 2023, SHRIRAM PROPERTIES reported 278.5% increase in net profit to Rs 683 million compared to net profit of Rs 180 million during FY22. Revenue of the company grew 55.8% to Rs 6,744 million during FY23.

The current Price to earnings ratio of SHRIRAM PROPERTIES , based on rolling 12 month earnings, stands at 23.1.


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