GODREJ PROPERTIES Surges by 6%; BSE REALTY Index Up 3.5%
May 13, 2020 02:35 PM

GODREJ PROPERTIES share price has zoomed 6% and is presently trading at Rs 658.

Meanwhile, the BSE REALTY Index is at 1,402 (up 3.5%).

Among the top Gainers in the BSE REALTY Index today is GODREJ PROPERTIES (up 5.7%).

Over the last one year, GODREJ PROPERTIES has moved down from Rs 758 to Rs 658, registering a loss of Rs 100 (down 13.2%).

On the other hand, the BSE REALTY has moved down from 1,908 to 1,402, loss of 506 points (down 27.1%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,845 (up 2.1%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 6.7%), ULTRATECH CEMENT (up 5.7%) and L&T (up 5.5%). Other gainers include ICICI BANK (up 5.2%) and M&M (up 5.1%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 9,584 (up 2.3%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 14.1%), AXIS BANK (up 6.9%) and ICICI BANK (up 5.9%). Other gainers include ULTRATECH CEMENT (up 5.7%) and L&T (up 5.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,091 to 32,845, registering a loss of 4,246 points (down 13.66%).

GODREJ PROPERTIES Financial Update...

GODREJ PROPERTIES net profit stood at Rs 1 billion for the quarter ended March 2020, compared to a profit of Rs 716 million a year ago. Net Sales rose 203.8% to Rs 11.6 billion during the period as against Rs 3.8 billion in January-March 2019.

For the year ended March 2019, GODREJ PROPERTIES reported 93.7% increase in net profit to Rs 2.4 billion compared to net profit of Rs 1.2 billion during FY18.

Revenue of the company grew 75.7% to Rs 28 billion during FY19.

The current Price to earnings ratio of GODREJ PROPERTIES, based on rolling 12 month earnings, stands at 45.9x.