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MAHINDRA LIFESPACE Plunges by 5%; BSE REALTY Index Down 1.1%

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MAHINDRA LIFESPACE Plunges by 5%; BSE REALTY Index Down 1.1%
Mon, 29 Jul 11:49 AM

MAHINDRA LIFESPACE share price has plunged 5% and is presently trading at Rs 389.

Meanwhile, the BSE REALTY Index is at 2,109 (down 1.1%).

Among the top losers in the BSE REALTY Index today are MAHINDRA LIFESPACE (down 5.0%) and INDIABULLS REAL EST (down 7.4%).

SOBHA LIMITED (up 1.9%) and OBEROI REALTY (up 1.8%) are among the top gainers today.

Over the last one year, MAHINDRA LIFESPACE has moved down from Rs 579 to Rs 389, registering a loss of Rs 190 (down 32.7%)..

The BSE REALTY has moved up from 2,057 to 2,109, registering a gain of 52 points (up 2.5%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 38.7%), SOBHA LIMITED (up 17.2%) and OBEROI REALTY (up 16.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,043 (down 0.4%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.9%). The most traded stocks in the BSE Sensex are ICICI BANK and INFOSYS.

In the meantime, NSE Nifty is at 11,311 (down 0.8%). ICICI BANK (up 3.8%) and HCL TECHNOLOGIES (up 0.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,985 to 38,043, registering a gain of 1,058 points (up 2.0%).

MAHINDRA LIFESPACE Financial Update...

MAHINDRA LIFESPACE net profit stood at Rs 111 million for the quarter ended June 2019, compared to a profit of Rs 110 million a year ago. Net Sales declined 14.6% to Rs 1.1 billion during the period as against Rs 1.2 billion in April-June 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 55.5x.

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