Puravankara Plunges 5%; BSE REALTY Index Down 1.3%
Mon, 17 Feb 9:48
Image source: bluebay2014/www.istockphoto.comPuravankara share price has plunged 5% and is presently trading at Rs 229.0.
Meanwhile, the BSE REALTY index is at 6,398.5 (down 1.3%).
Among the top losers in the BSE REALTY index today are MAHINDRA LIFESPACE (down 2.9%) and Godrej Properties (down 2.5%).
Sobha (up 0.5%) and PRESTIGE ESTATES (up 0.1%) are among the top gainers today.
Over the last one year, Puravankara has moved up from Rs 210.1 to Rs 229.0, registering a gain of Rs 18.9 (up 9.0%).
On the other hand, the BSE REALTY index has moved down from 6,711.6 to 6,398.5, registering a loss of 4.7% during the last 12 months.
The top losers among the BSE REALTY index stocks during this same period were MAHINDRA LIFESPACE (down 38.0%), DLF (down 20.4%) and Godrej Properties (down 15.9%).
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What About the Benchmark Indices?
The BSE Sensex is at 75,399.9 (down 0.7%).
The top losers among the BSE Sensex today are M&M (down 4.0%) and Tata Steel (down 1.6%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 22,778.7 (down 0.7%). M&M and Hero Motocorp are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 71,555.2 to 75,399.9, registering a gain of 3,844.7 points (up 5.4%).
Puravankara Financial Update...
Puravankara net profit fell 212.2% YoY to Rs -907 million for the quarter ended December 2024, compared to a profit of Rs 808 million a year ago. Net sales declined 44.5% to Rs 3,182 million during the period as against Rs 5,737 million in October-December 2023.
For the year ended March 2024, Puravankara reported 36.9% decrease in net profit to Rs 420 million compared to net profit of Rs 665 million during FY23. Revenue of the company grew 76.8% to Rs 21,853 million during FY24.
The current Price to earnings ratio of Puravankara, based on rolling 12 month earnings, stands at -51.0.
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