National Buildings share price has plunged 4% and is presently trading at Rs 182.0.
Meanwhile, the BSE REALTY index is at 8,718.9 (down 0.9%).
Among the top losers in the BSE REALTY index today are Sobha (down 2.5%) and SUNTECK REALTY (down 2.1%).
Brigade Enterprises (up 1.4%) and MAHINDRA LIFESPACE (up 0.8%) are among the top gainers today.
Over the last one year, National Buildings has moved up from Rs 41.6 to Rs 182.0, registering a gain of Rs 140.5 (up 338.0%).
On the other hand, the BSE REALTY index has moved up from 4,317.9 to 8,718.9, registering a gain of 101.9% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 254.6%), PRESTIGE ESTATES (up 220.3%) and Phoenix Mill (up 140.8%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 80,490.0 (down 0.3%).
The top losers among the BSE Sensex today are Asian Paints (down 2.0%) and Bajaj Finance (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,527.9 (down 0.4%). Bajaj Auto and Asian Paints are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,490.0, registering a gain of 13,900.1 points (up 20.9%).
National Buildings net profit grew 24.3% YoY to Rs 1,414 million for the quarter ended March 2024, compared to a profit of Rs 1,137 million a year ago. Net sales rose 43.0% to Rs 40,245 million during the period as against Rs 28,134 million in January-March 2023.
For the year ended March 2023, National Buildings reported 16.8% increase in net profit to Rs 2,780 million compared to net profit of Rs 2,379 million during FY22. Revenue of the company grew 13.8% to Rs 87,544 million during FY23.
The current Price to earnings ratio of National Buildings, based on rolling 12 month earnings, stands at 79.1.
Equitymaster requests your view! Post a comment on "National Buildings Plunges 4%; BSE REALTY Index Down 0.9%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!