PHOENIX MILL Plunges by 5%; BSE REALTY Index Down 3.2%
July 8, 2019 12:32 PM

PHOENIX MILL share price has plunged 5% and is presently trading at Rs 637.

Meanwhile, the BSE REALTY Index is at 2,172 (down 3.2%).

Among the top losers in the BSE REALTY Index today is PHOENIX MILL (down 5.4%).

OMAXE LTD (up 0.1%) is among the top gainer today.

Over the last one year, PHOENIX MILL has moved down from Rs 638 to Rs 637, registering a loss of Rs 2 (down 0.2%)..

The BSE REALTY has moved up from 2,026 to 2,172, registering a gain of 146 points (up 7.2%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 27.0%), OBEROI REALTY (up 22.1%) and SUNTECK REALTY (up 19.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,476 (down 1.6%). The top gainers among the BSE Sensex stocks today are YES BANK (up 5.6%), HCL TECHNOLOGIES (up 1.8%) and TCS (up 0.6%). Other gainer include RELIANCE IND. (up 0.2%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,772 (down 1.7%). YES BANK (up 5.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,575 to 39,476, registering a gain of 3,901 points (up 9.3%).

PHOENIX MILL Financial Update...

PHOENIX MILL net profit stood at Rs 3 billion for the quarter ended March 2019, compared to a profit of Rs 780 million a year ago. Net Sales rose 64.2% to Rs 7.2 billion during the period as against Rs 4.4 billion in January-March 2018.

For the year ended March 2018, PHOENIX MILL reported 11.2% increase in net profit to Rs 2.1 billion compared to net profit of Rs 1.9 billion during FY17.

Revenue of the company grew 11.2% to Rs 16 billion during FY18.

The current Price to earnings ratio of PHOENIX MILL, based on rolling 12 month earnings, stands at 19.2x.