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Phoenix Mill Plunges 5%; BSE REALTY Index Up 1.2%
Wed, 24 Jul 11:24

Phoenix Mill Plunges 5%; BSE REALTY Index Up 1.2%Image source: KanawatTH/www.istockphoto.com

Phoenix Mill share price has plunged 5% and is presently trading at Rs 3,594.0.

Meanwhile, the BSE REALTY index is at 8,427.6 (up 1.2%).

Among the top losers in the BSE REALTY index today is Brigade Enterprises (down 1.4%).

Sobha (up 6.3%) and PRESTIGE ESTATES (up 5.6%) are among the top gainers today.

Over the last one year, Phoenix Mill has moved up from Rs 1,631.6 to Rs 3,594.0, registering a gain of Rs 1,962.5 (up 120.3%).

On the other hand, the BSE REALTY index has moved up from 4,299.6 to 8,427.6, registering a gain of 96.0% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 248.7%), PRESTIGE ESTATES (up 239.8%) and Phoenix Mill (up 120.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,194.7 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.5%) and Bajaj Finserv (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,441.4 (down 0.2%). Tata Consumer Products and Bajaj Finance are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,194.7, registering a gain of 13,810.0 points (up 20.8%).

Phoenix Mill Financial Update...

Phoenix Mill net profit grew 32.6% YoY to Rs 3,888 million for the quarter ended March 2024, compared to a profit of Rs 2,932 million a year ago. Net sales rose 79.1% to Rs 13,059 million during the period as against Rs 7,290 million in January-March 2023.

For the year ended March 2023, Phoenix Mill reported 493.8% increase in net profit to Rs 14,725 million compared to net profit of Rs 2,480 million during FY22. Revenue of the company grew 77.8% to Rs 26,383 million during FY23.

The current Price to earnings ratio of Phoenix Mill, based on rolling 12 month earnings, stands at 48.4.

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