GIC HOUSING Plunges by 6%; BSE 500 Index Down 2.9%
March 6, 2020 09:56 AM

GIC HOUSING share price has plunged 6% and is presently trading at Rs 90.

Meanwhile, the BSE 500 Index is at 14,386 (down 2.9%).

Among the top losers in the BSE 500 Index today are GIC HOUSING (down 6.0%) and PIRAMAL ENTERPRISES (down 9.4%).

VARDHMAN TEXTILES (up 7.3%) and RELIANCE COMMUNICATIONS (up 3.8%) are among the top gainers today.

Over the last one year, GIC HOUSING has moved down from Rs 250 to Rs 90, registering a loss of Rs 160 (down 64.1%)..

The BSE 500 has moved down from 14,533 to 14,386, loss of 147 points (down 1.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 302.7%), GUJARAT GAS (up 129.4%) and NAVIN FLUORINE (up 114.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,614 (down 2.7%).

Over the last 12 months, the BSE Sensex has moved up from 36,443 to 37,614, registering a gain of 1,171 points (up 2.7%).

GIC HOUSING Financial Update...

GIC HOUSING net profit down at Rs 149 million for the quarter ended June 2019, compared to a loss of Rs 350 million a year ago. Net Sales rose 1.5% to Rs 3.1 billion during the period as against Rs 3.1 billion in April-June 2018.

For the year ended March 2018, GIC HOUSING reported 24.8% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.5 billion during FY17.

Revenue of the company grew 12.2% to Rs 11 billion during FY18.

The current Price to earnings ratio of GIC HOUSING, based on rolling 12 month earnings, stands at 3.2x.