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NIDHI GRANITE Gains 6%; BSE REALTY Index Down 3.3%
Mon, 4 Nov 13:14

NIDHI GRANITE Gains 6%; BSE REALTY Index Down 3.3%Image source: Eoneren/www.istockphoto.com

NIDHI GRANITE share price has zoomed 6% and is presently trading at Rs 175.0.

Meanwhile, the BSE REALTY index is at 7,650.5 (down 3.3%).

Brigade Enterprises (down 6.1%) and DLF (down 4.2%) are among the top losers today.

Over the last one year, NIDHI GRANITE has moved up from Rs 47.8 to Rs 175.0, registering a gain of Rs 127.2 (up 265.8%).

On the other hand, the BSE REALTY index has moved up from 4,776.6 to 7,650.5, registering a gain of 60.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 125.4%), PRESTIGE ESTATES (up 108.4%) and Brigade Enterprises (up 91.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,479.9 (down 1.7%).

The top losers among the BSE Sensex today are Bajaj Finserv (down 4.0%) and MUNDRA PORT & SEZ (down 3.8%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,897.6 (down 1.7%). Hero Motocorp and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,479.9, registering a gain of 14,604.9 points (up 22.9%).

NIDHI GRANITE Financial Update...

NIDHI GRANITE net profit grew 807.2% YoY to Rs 8 million for the quarter ended June 2024, compared to a profit of Rs 1 million a year ago. Net sales rose 19.3% to Rs 93 million during the period as against Rs 78 million in April-June 2023.

For the year ended March 2024, NIDHI GRANITE reported 56.7% increase in net profit to Rs 7 million compared to net profit of Rs 4 million during FY23. Revenue of the company grew 52.3% to Rs 385 million during FY24.

The current Price to earnings ratio of NIDHI GRANITE, based on rolling 12 month earnings, stands at 103.6.

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