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Godrej Properties Gains 4%; BSE REALTY Index Up 1.8%
Tue, 6 Aug 10:46

Godrej Properties Gains 4%; BSE REALTY Index Up 1.8%Image source: phive2015/www.istockphoto.com

Godrej Properties share price has zoomed 4% and is presently trading at Rs 2,934.5.

Meanwhile, the BSE REALTY index is at 7,893.8 (up 1.8%).

Among the top gainers in the BSE REALTY index today are Brigade Enterprises (up 5.5%) and INDIABULLS REAL EST (up 2.6%).

MAHINDRA LIFESPACE (down 1.1%) and SUNTECK REALTY (down 0.2%) are among the top losers today.

Over the last one year, Godrej Properties has moved up from Rs 1,660.5 to Rs 2,934.5, registering a gain of Rs 1,274.0 (up 76.7%).

On the other hand, the BSE REALTY index has moved up from 4,392.3 to 7,893.8, registering a gain of 79.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 201.2%), PRESTIGE ESTATES (up 188.6%) and Brigade Enterprises (up 106.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,156.7 (up 0.5%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.1%) and JSW Steel (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,155.9 (up 0.4%). Tech Mahindra and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,156.7, registering a gain of 13,373.9 points (up 20.3%).

Godrej Properties Financial Update...

Godrej Properties net profit grew 584.2% YoY to Rs 5,806 million for the quarter ended June 2024, compared to a profit of Rs 849 million a year ago. Net sales declined 21.1% to Rs 7,390 million during the period as against Rs 9,361 million in April-June 2023.

For the year ended March 2024, Godrej Properties reported 20.4% increase in net profit to Rs 7,471 million compared to net profit of Rs 6,206 million during FY23. Revenue of the company grew 34.8% to Rs 30,356 million during FY24.

The current Price to earnings ratio of Godrej Properties, based on rolling 12 month earnings, stands at 67.2.


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