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Omaxe Plunges 5%; BSE REALTY Index Up 1.6%
Fri, 9 Aug 13:29

Omaxe Plunges 5%; BSE REALTY Index Up 1.6%Image source: peterschreiber.media/www.istockphoto.com

Omaxe share price has plunged 5% and is presently trading at Rs 117.6.

Meanwhile, the BSE REALTY index is at 7,991.4 (up 1.6%).

Among the top losers in the BSE REALTY index today are Brigade Enterprises (down 2.5%) and DLF (down 0.3%).

Sobha (up 2.7%) and OBEROI REALTY (up 2.7%) are among the top gainers today.

Over the last one year, Omaxe has moved up from Rs 47.0 to Rs 117.6, registering a gain of Rs 70.6 (up 150.2%).

On the other hand, the BSE REALTY index has moved up from 4,341.4 to 7,991.4, registering a gain of 84.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 196.8%), PRESTIGE ESTATES (up 191.6%) and Phoenix Mill (up 97.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,712.1 (up 1.0%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.9%) and JSW Steel (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,361.3 (up 1.0%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,712.1, registering a gain of 13,758.6 points (up 20.9%).

Omaxe Financial Update...

Omaxe net profit fell 37.7% YoY to Rs -1,437 million for the quarter ended March 2024, compared to a loss of Rs 1,044 million a year ago. Net sales rose 85.0% to Rs 5,356 million during the period as against Rs 2,895 million in January-March 2023.

For the year ended March 2023, Omaxe reported 117.2% decrease in net profit to Rs -3,511 million compared to net loss of Rs 1,617 million during FY22. Revenue of the company grew 25.2% to Rs 7,733 million during FY23.

The current Price to earnings ratio of Omaxe, based on rolling 12 month earnings, stands at -5.3.

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