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SHRIRAM PROPERTIES Gains 8%; BSE REALTY Index Down 0.4%
Wed, 28 Aug 11:28

SHRIRAM PROPERTIES  Gains 8%; BSE REALTY Index Down 0.4%Image source: StarLineArts/www.istockphoto.com

SHRIRAM PROPERTIES share price has zoomed 8% and is presently trading at Rs 140.8.

Meanwhile, the BSE REALTY index is at 8,077.5 (down 0.4%).

Among the top gainers in the BSE REALTY index today are PRESTIGE ESTATES (up 1.0%) and MAHINDRA LIFESPACE (up 0.7%).

SUNTECK REALTY (down 1.6%) and INDIABULLS REAL EST (down 1.6%) are among the top losers today.

Over the last one year, SHRIRAM PROPERTIES has moved up from Rs 85.0 to Rs 140.8, registering a gain of Rs 55.8 (up 65.7%).

On the other hand, the BSE REALTY index has moved up from 4,308.5 to 8,077.5, registering a gain of 87.5% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 203.7%), Sobha (up 191.2%) and Brigade Enterprises (up 103.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,870.3 (up 0.2%).

The top gainers among the BSE Sensex today are Indusind Bank (up 2.0%) and Infosys (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,061.5 (up 0.2%). LTIMINDTREE and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,870.3, registering a gain of 16,873.7 points (up 26.0%).

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 24.3.


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