MAHINDRA LIFESPACE Plunges by 11%; BSE REALTY Index Down 2.8%
March 18, 2020 12:54 PM

MAHINDRA LIFESPACE share price has plunged 11% and is presently trading at Rs 267.

Meanwhile, the BSE REALTY Index is at 1,646 (down 2.8%).

Among the top losers in the BSE REALTY Index today are MAHINDRA LIFESPACE (down 10.6%) and PRESTIGE ESTATES (down 13.8%).

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

Over the last one year, MAHINDRA LIFESPACE has moved down from Rs 364 to Rs 267, registering a loss of Rs 97 (down 26.7%)..

The BSE REALTY has moved down from 2,000 to 1,646, loss of 354 points (down 17.7%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 3.0%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 3.6%). The top gainers among the BSE Sensex stocks today are TCS (up 1.5%), INFOSYS (up 0.9%) and ITC (up 0.6%). Other gainer include TECH MAHINDRA (up 0.3%). The most traded stocks in the BSE Sensex are INFOSYS and ITC.

In the meantime, NSE Nifty is at 9,128 (down 3.6%). ZEE ENTERTAINMENT (up 10.1%) and YES BANK (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 22.61%).

MAHINDRA LIFESPACE Financial Update...

MAHINDRA LIFESPACE net profit down at Rs 207 million for the quarter ended December 2019, compared to a loss of Rs 110 million a year ago. Net Sales declined 36.6% to Rs 788.0 million during the period as against Rs 1.2 billion in October-December 2018.

For the year ended March 2019, MAHINDRA LIFESPACE reported 21.5% decrease in net profit to Rs 460.0 million compared to net profit of Rs 586.0 million during FY18.

Revenue of the company grew 4.7% to Rs 6 billion during FY19.

The current Price to earnings ratio of MAHINDRA LIFESPACE , based on rolling 12 month earnings, stands at 63.4x.