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Phoenix Mill Plunges 8%; BSE REALTY Index Down 4.2%
Mon, 5 Aug 9:49

Phoenix Mill Plunges 8%; BSE REALTY Index Down 4.2%Image source: Nikada/www.istockphoto.com

Phoenix Mill share price has plunged 8% and is presently trading at Rs 3,174.6.

Meanwhile, the BSE REALTY index is at 7,756.8 (down 4.2%).

Among the top losers in the BSE REALTY index today are Godrej Properties (down 4.9%) and Sobha (down 4.8%).

Over the last one year, Phoenix Mill has moved up from Rs 1,731.7 to Rs 3,174.6, registering a gain of Rs 1,443.0 (up 83.3%).

On the other hand, the BSE REALTY index has moved up from 4,455.6 to 7,756.8, registering a gain of 74.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 182.6%), Sobha (up 180.1%) and Brigade Enterprises (up 96.4%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,456.2 (down 1.9%).

The top losers among the BSE Sensex today are Tata Motors (down 4.2%) and JSW Steel (down 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.4 (down 1.8%). Tata Motors and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,456.2, registering a gain of 12,996.8 points (up 19.6%).

Phoenix Mill Financial Update...

Phoenix Mill net profit grew 8.2% YoY to Rs 3,134 million for the quarter ended June 2024, compared to a profit of Rs 2,897 million a year ago. Net sales rose 11.5% to Rs 9,041 million during the period as against Rs 8,106 million in April-June 2023.

For the year ended March 2023, Phoenix Mill reported 493.8% increase in net profit to Rs 14,725 million compared to net profit of Rs 2,480 million during FY22. Revenue of the company grew 77.8% to Rs 26,383 million during FY23.

The current Price to earnings ratio of Phoenix Mill, based on rolling 12 month earnings, stands at 42.0.

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