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SHRIRAM PROPERTIES Plunges 3%; BSE REALTY Index Down 0.2%
Tue, 24 Sep 11:21

SHRIRAM PROPERTIES  Plunges 3%; BSE REALTY Index Down 0.2%Image source: StarLineArts/www.istockphoto.com

SHRIRAM PROPERTIES share price has plunged 3% and is presently trading at Rs 131.3.

Meanwhile, the BSE REALTY index is at 8,777.7 (down 0.2%).

Among the top losers in the BSE REALTY index today are Sobha (down 1.9%) and PRESTIGE ESTATES (down 1.6%).

DLF (up 1.4%) and INDIABULLS REAL EST (up 1.0%) are among the top gainers today.

Over the last one year, SHRIRAM PROPERTIES has moved up from Rs 89.1 to Rs 131.3, registering a gain of Rs 42.1 (up 47.3%).

On the other hand, the BSE REALTY index has moved up from 4,578.0 to 8,777.7, registering a gain of 91.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 209.8%), Sobha (up 207.0%) and Brigade Enterprises (up 126.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,917.1 .

The top losers among the BSE Sensex today are Hindustan Unilever (down 1.1%) and Kotak Bank (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,937.9 . Hindustan Unilever and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,917.1, registering a gain of 18,116.3 points (up 27.1%).

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 2024, SHRIRAM PROPERTIES reported 10.5% increase in net profit to Rs 754 million compared to net profit of Rs 683 million during FY23. Revenue of the company grew 28.2% to Rs 8,645 million during FY24.

The current Price to earnings ratio of SHRIRAM PROPERTIES , based on rolling 12 month earnings, stands at 22.7.


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