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PRESTIGE ESTATES Gains 6%; BSE REALTY Index Up 0.9%
Wed, 24 Jul 12:1

PRESTIGE ESTATES Gains 6%; BSE REALTY Index Up 0.9%Image source: Ivcandy/www.istockphoto.com

PRESTIGE ESTATES share price has zoomed 6% and is presently trading at Rs 1,839.3.

Meanwhile, the BSE REALTY index is at 8,407.8 (up 0.9%).

Among the top gainers in the BSE REALTY index today are Sobha (up 5.0%) and OBEROI REALTY (up 3.9%).

Phoenix Mill (down 4.4%) and Brigade Enterprises (down 1.3%) are among the top losers today.

Over the last one year, PRESTIGE ESTATES has moved up from Rs 547.7 to Rs 1,839.3, registering a gain of Rs 1,291.6 (up 235.8%).

On the other hand, the BSE REALTY index has moved up from 4,299.6 to 8,407.8, registering a gain of 95.5% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 244.7%), PRESTIGE ESTATES (up 235.8%) and Phoenix Mill (up 122.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,096.8 (down 0.4%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.2%) and Axis Bank (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,400.9 (down 0.3%). Axis Bank 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 80,096.8, registering a gain of 13,712.0 points (up 20.7%).

PRESTIGE ESTATES Financial Update...

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 45.6.


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