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Jaiprakash Asso. Gains 5%; BSE REALTY Index Down 2.2%
Thu, 3 Oct 9:21

Jaiprakash Asso. Gains 5%; BSE REALTY Index Down 2.2%Image source: Kameleon007 /www.istockphoto.com

Jaiprakash Asso. share price has zoomed 5% and is presently trading at Rs 7.1.

Meanwhile, the BSE REALTY index is at 8,382.2 (down 2.2%).

Brigade Enterprises (down 3.3%) and Godrej Properties (down 3.0%) are among the top losers today.

Over the last one year, Jaiprakash Asso. has moved up from Rs 0.0 to Rs 7.1, registering a gain of Rs 7.1 .

On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,382.2, registering a gain of 81.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 186.3%), Sobha (up 169.2%) and Brigade Enterprises (up 138.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,002.1 (down 1.5%).

The top losers among the BSE Sensex today are Asian Paints (down 3.0%) and Tata Motors (down 2.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,452.9 (down 1.3%). BPCL and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,002.1, registering a gain of 17,490.0 points (up 26.7%).

Jaiprakash Asso. Financial Update...

Jaiprakash Asso. net profit fell 506.1% YoY to Rs -10,634 million for the quarter ended June 2024, compared to a loss of Rs 1,754 million a year ago. Net sales rose 16.9% to Rs 16,708 million during the period as against Rs 14,291 million in April-June 2023.

For the year ended March 2023, Jaiprakash Asso. reported 22.7% increase in net profit to Rs -8,244 million compared to net loss of Rs 10,664 million during FY22. Revenue of the company grew 26.3% to Rs 72,631 million during FY23.

The current Price to earnings ratio of Jaiprakash Asso., based on rolling 12 month earnings, stands at -0.8.


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