GODREJ PROPERTIES Plunges by 5%; BSE REALTY Index Down 1.8%
November 28, 2018 03:23 PM

GODREJ PROPERTIES share price has plunged 5% and is presently trading at Rs 680.

Meanwhile, the BSE REALTY Index is at 1,767 (down 1.8%).

Among the top losers in the BSE REALTY Index today is GODREJ PROPERTIES (down 5.5%).

SOBHA LIMITED (up 4.0%) and PRESTIGE ESTATES (up 2.4%) are among the top gainers today.

Over the last one year, GODREJ PROPERTIES has moved down from Rs 718 to Rs 680, registering a loss of Rs 38 (down 5.3%)..

The BSE REALTY has moved down from 2,415 to 1,767, loss of 648 points (down 26.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 14.9%).

What About the Benchmark Indices?

The BSE Sensex is at 35,822 (up 0.7%). The top gainers among the BSE Sensex stocks today are TCS (up 4.8%). The most traded stocks in the BSE Sensex are INFOSYS LTD and AXIS BANK.

In the meantime, NSE Nifty is at 10,758 (up 0.4%). TCS (up 5.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,724 to 35,822, registering a gain of 2,098 points (up 6.0%).

GODREJ PROPERTIES Financial Update...

GODREJ PROPERTIES net profit down at Rs 206 million for the quarter ended September 2018, compared to a loss of Rs 259 million a year ago. Net Sales declined 37.3% to Rs 3.9 billion during the period as against Rs 6.3 billion in July-September 2017.

For the year ended March 2018, GODREJ PROPERTIES reported 30.7% increase in net profit to Rs 2.3 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 19.3% to Rs 19 billion during FY18.

The current Price to earnings ratio of GODREJ PROPERTIES, based on rolling 12 month earnings, stands at 59.5x.