MAHINDRA LIFESPACE Plunges by 5%; BSE REALTY Index Up 2.1%
March 14, 2019 03:24 PM

MAHINDRA LIFESPACE share price has plunged 5% and is presently trading at Rs 380.

Meanwhile, the BSE REALTY Index is at 1,954 (up 2.1%).

Among the top losers in the BSE REALTY Index today is MAHINDRA LIFESPACE (down 5.0%).

INDIABULLS REAL EST (up 5.9%) and PHOENIX MILL (up 5.7%) are among the top gainers today.

Over the last one year, MAHINDRA LIFESPACE has moved down from Rs 445 to Rs 380, registering a loss of Rs 65 (down 14.6%)..

The BSE REALTY has moved down from 2,435 to 1,954, loss of 481 points (down 19.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 11.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,908 . The top gainers among the BSE Sensex stocks today are NTPC (up 3.6%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 11,383 . NTPC (up 3.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,857 to 37,908, registering a gain of 4,051 points (up 11.5%).

MAHINDRA LIFESPACE Financial Update...

MAHINDRA LIFESPACE net profit down at Rs 110 million for the quarter ended December 2018, compared to a loss of Rs 271 million a year ago. Net Sales declined 26.1% to Rs 1.2 billion during the period as against Rs 1.7 billion in October-December 2017.

For the year ended March 2018, MAHINDRA LIFESPACE reported 4.4% decrease in net profit to Rs 586.0 million compared to net profit of Rs 614.0 million during FY17.

Revenue of the company grew 25.7% to Rs 6 billion during FY18.

The current Price to earnings ratio of MAHINDRA LIFESPACE , based on rolling 12 month earnings, stands at 40.3x.