JAIPRAKASH ASSO. Plunges by 6%; BSE REALTY Index Up 2.2%

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JAIPRAKASH ASSO. share price has plunged 6% and is presently trading at Rs 7.

Meanwhile, the BSE REALTY Index is at 1,951 (up 2.2%).

Among the top losers in the BSE REALTY Index today is JAIPRAKASH ASSO. (down 6.0%).

INDIABULLS REAL EST (up 7.4%) and DLF (up 4.6%) are among the top gainers today.

Over the last one year, JAIPRAKASH ASSO. has moved down from Rs 15 to Rs 7, registering a loss of Rs 8 (down 55.2%)..

The BSE REALTY has moved down from 2,435 to 1,951, loss of 484 points (down 19.9%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 11.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,908 (down 0.1%). The top gainers among the BSE Sensex stocks today are NTPC (up 2.8%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,383 . NTPC (up 3.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,857 to 37,908, registering a gain of 4,051 points (up 11.4%).

JAIPRAKASH ASSO. Financial Update…

JAIPRAKASH ASSO. net profit declined 34.0% YoY to Rs 978 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 36.9% to Rs 15.2 billion during the period as against Rs 11.1 billion in October-December 2017.

For the year ended March 2018, JAIPRAKASH ASSO. reported 51.9% decrease in net profit to Rs 30.4 billion compared to net profit of Rs 63.2 billion during FY17.

Revenue of the company grew 45.6% to Rs 78 billion during FY18.

The current Price to earnings ratio of JAIPRAKASH ASSO., based on rolling 12 month earnings, stands at down 3.0x. p >

This article (JAIPRAKASH ASSO. Plunges by 6%; BSE REALTY Index Up 2.2%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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