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Phoenix Mill Plunges 49%; BSE REALTY Index Up 1.4%
Fri, 20 Sep 9:21

Phoenix Mill Plunges 49%; BSE REALTY Index Up 1.4%Image source: Kameleon007 /www.istockphoto.com

Phoenix Mill share price has plunged 49% and is presently trading at Rs 1,815.1.

Meanwhile, the BSE REALTY index is at 8,464.9 (up 1.4%).

Among the top losers in the BSE REALTY index today is PRESTIGE ESTATES (down 2.0%).

SUNTECK REALTY (up 2.3%) and MAHINDRA LIFESPACE (up 2.3%) are among the top gainers today.

Over the last one year, Phoenix Mill has moved down from Rs 1,840.5 to Rs 1,815.1, registering a loss of Rs 25.5 (down 1.4%).

On the other hand, the BSE REALTY index has moved up from 4,633.6 to 8,464.9, registering a gain of 82.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 203.4%), Sobha (up 188.1%) and Brigade Enterprises (up 121.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 83,574.9 (up 0.5%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.9%) and NTPC (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,497.3 (up 0.3%). JSW Steel and Tata Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,574.9, registering a gain of 15,978.1 points (up 23.6%).

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 2024, Phoenix Mill reported 9.9% decrease in net profit to Rs 13,263 million compared to net profit of Rs 14,725 million during FY23. Revenue of the company grew 50.8% to Rs 39,777 million during FY24.

The current Price to earnings ratio of Phoenix Mill, based on rolling 12 month earnings, stands at 24.0.

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