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- Indian Stock Market Updates October 3, 2024
Phoenix Mill Plunges 5%; BSE REALTY Index Down 2.8%
Thu, 3 Oct 11:1
Image source: bluebay2014/www.istockphoto.comPhoenix Mill share price has plunged 5% and is presently trading at Rs 1,667.9.
Meanwhile, the BSE REALTY index is at 8,335.1 (down 2.8%).
Among the top losers in the BSE REALTY index today are Brigade Enterprises (down 4.3%) and Sobha (down 2.7%).
Over the last one year, Phoenix Mill has moved up from Rs 910.6 to Rs 1,667.9, registering a gain of Rs 757.3 (up 83.2%).
On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,335.1, registering a gain of 80.2% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 188.6%), Sobha (up 167.2%) and Brigade Enterprises (up 135.8%).
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What About the Benchmark Indices?
The BSE Sensex is at 83,338.4 (down 1.1%).
The top losers among the BSE Sensex today are Asian Paints (down 4.2%) and Tata Motors (down 2.8%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..
In the meantime, NSE Nifty is at 25,508.1 (down 1.1%). Asian Paints and Eicher Motor are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,338.4, registering a gain of 17,826.3 points (up 27.2%).
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 44.2.
Indian Share Market Update: Top Gainers and Losers
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P R Ravi Ganesan
Oct 3, 2024Phoenix Mill is a good stock owning malls in various places and earning good revenue. The commercial places will continue to provide good income to Phoenix. Investors are advised to accumulate / hold this stock for better returns.