PRESTIGE ESTATES share price has plunged 3% and is presently trading at Rs 1,939.6.
Meanwhile, the BSE REALTY index is at 8,589.5 (down 1.4%).
Among the top losers in the BSE REALTY index today are SUNTECK REALTY (down 2.8%) and Brigade Enterprises (down 2.3%).
Sobha (up 0.2%) and DLF are among the top gainers today.
Over the last one year, PRESTIGE ESTATES has moved up from Rs 579.1 to Rs 1,939.6, registering a gain of Rs 1,360.5 (up 234.9%).
On the other hand, the BSE REALTY index has moved up from 4,070.4 to 8,589.5, registering a gain of 111.0% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 302.1%), PRESTIGE ESTATES (up 234.9%) and INDIABULLS REAL EST (up 161.0%).
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The BSE Sensex is at 78,664.1 (up 0.8%).
The top gainers among the BSE Sensex today are Reliance Ind. (up 4.2%) and Bharti Airtel (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..
In the meantime, NSE Nifty is at 23,864.9 (up 0.6%). Reliance Ind. and Bharti Airtel are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,664.1, registering a gain of 15,694.1 points (up 24.9%).
PRESTIGE ESTATES net profit fell 59.2% YoY to Rs 1,966 million for the quarter ended March 2024, compared to a profit of Rs 4,823 million a year ago. Net sales declined 17.8% to Rs 21,640 million during the period as against Rs 26,318 million in January-March 2023.
For the year ended March 2023, PRESTIGE ESTATES reported 12.2% decrease in net profit to Rs 10,668 million compared to net profit of Rs 12,148 million during FY22. Revenue of the company grew 30.1% to Rs 83,150 million during FY23.
The current Price to earnings ratio of PRESTIGE ESTATES, based on rolling 12 month earnings, stands at 48.1.
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