MAHINDRA LIFESPACE surged by 6%; BSE REALTY Index Up 0.2%

MAHINDRA LIFESPACE share price has Zoomed 6% and is presently trading at Rs 492.

Meanwhile, the BSE REALTY Index is at 2,365 (Up 0.2%).

Among the top Gainers in the BSE REALTY Index today is MAHINDRA LIFESPACE (up 5.53%).

OMAXE LTD (down 0.22%) and SOBHA LIMITED (down 0.61%) are among the top losers today.

Over the last one year, MAHINDRA LIFESPACE has moved up from Rs 467 to Rs 492, registering a gain of Rs 25 (up 5.44%)

On the other hand, the BSE REALTY has moved up from 2,052 to 2,365, registering a gain of 313 points (up 14.73%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 62.29%), PHOENIX MILL (up 47.60%) and SOBHA LIMITED (up 29.41%).

What About the Benchmark Indices?

The BSE Sensex is at 35,389 (up 0.23%).

The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 5.55%), ICICI BANK (up 0.88%) and ADANI PORTS & SEZ (up 0.82%). Other gainers include NTPC (up 0.80%) and DR. REDDYS LAB (up 0.79%). The most traded stocks in the BSE Sensex are ASIAN PAINTS and RELIANCE IND..

In the meantime, NSE Nifty is at 10,762 (up 0.29%). ASIAN PAINTS (up 5.44%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 30,248 to 35,389, registering a gain of 5,141 points (up 16.79%).

MAHINDRA LIFESPACE Financial Update...

MAHINDRA LIFESPACE net profit grew 53.1% YoY to Rs 144 million for the quarter ended March 2018, compared to a profit of Rs 271 million a year ago. Net Sales rose 96.1% to Rs 1.6 billion during the period as against Rs 1.7 billion in January-March 2017.

For the year ended March 2017, MAHINDRA LIFESPACE reported 63.4% increase in net profit to Rs 614.0 million compared to net profit of Rs 968.0 million during FY16.

Revenue of the company grew 128.5% to Rs 8 billion during FY17.

The current Price to earnings ratio of MAHINDRA LIFESPACE , based on rolling 12 month earnings, stands at 31.4x.

This article was originally published in English at www.equitymaster.com

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