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Phoenix Mill Gains 5%; BSE REALTY Index Up 0.2%
Thu, 22 Aug 15:5

Phoenix Mill Gains 5%; BSE REALTY Index Up 0.2%Image source: ipopba/www.istockphoto.com

Phoenix Mill share price has zoomed 5% and is presently trading at Rs 3,665.3.

Meanwhile, the BSE REALTY index is at 8,129.9 (up 0.2%).

Among the top gainers in the BSE REALTY index today are INDIABULLS REAL EST (up 8.4%) and MAHINDRA LIFESPACE (up 0.6%).

SUNTECK REALTY (down 2.7%) and Brigade Enterprises (down 1.0%) are among the top losers today.

Over the last one year, Phoenix Mill has moved up from Rs 1,757.8 to Rs 3,665.3, registering a gain of Rs 1,907.5 (up 108.5%).

On the other hand, the BSE REALTY index has moved up from 4,287.0 to 8,129.9, registering a gain of 89.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 212.8%), Sobha (up 200.2%) and INDIABULLS REAL EST (up 122.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,041.1 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.6%) and Tata Steel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,810.1 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,041.1, registering a gain of 15,825.1 points (up 24.3%).

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 48.5.


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