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Godrej Properties Gains 5%; BSE REALTY Index Up 3.2%
Mon, 2 Dec 15:51

Godrej Properties Gains 5%; BSE REALTY Index Up 3.2%Image source: Sefa Ozel/www.istockphoto.com

Godrej Properties share price has zoomed 5% and is presently trading at Rs 2,898.2.

Meanwhile, the BSE REALTY index is at 8,211.3 (up 3.2%).

Among the top gainers in the BSE REALTY index today are OBEROI REALTY (up 3.6%) and PRESTIGE ESTATES (up 3.6%).

Sobha (down 1.4%) and MAHINDRA LIFESPACE (down 0.4%) are among the top losers today.

Over the last one year, Godrej Properties has moved up from Rs 1,839.0 to Rs 2,898.2, registering a gain of Rs 1,059.2 (up 57.6%).

On the other hand, the BSE REALTY index has moved up from 5,597.5 to 8,211.3, registering a gain of 46.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 88.8%), PRESTIGE ESTATES (up 78.3%) and Brigade Enterprises (up 61.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

Godrej Properties Financial Update...

Godrej Properties net profit grew 217.1% YoY to Rs 3,370 million for the quarter ended September 2024, compared to a profit of Rs 1,063 million a year ago. Net sales rose 218.7% to Rs 10,932 million during the period as against Rs 3,430 million in July-September 2023.

For the year ended March 2024, Godrej Properties reported 20.4% increase in net profit to Rs 7,471 million compared to net profit of Rs 6,206 million during FY23. Revenue of the company grew 34.8% to Rs 30,356 million during FY24.

The current Price to earnings ratio of Godrej Properties, based on rolling 12 month earnings, stands at 55.7.


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