Latest news with #ShriramProperties
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 6 June 2025
Stock market today: Ahead of the weekly expiry, the Indian stock market ended higher on Thursday. The Nifty 50 index ended 130 points higher at 24,750, the BSE Sensex finished 443 points upside at 81,442, while the Bank Nifty index added 84 points and closed at 55,760. Eternal, Trent and Dr Reddy were major gainers on the Nifty, while major losers were IndusInd Bank, Tata Consumer, and Axis Bank. Trading volumes on the NSE cash market were higher by 6% compared to Wednesday's session. The Mid-cap and the Small-cap indices continued to outperform the benchmark. The Nifty Mid-cap 100 Index rose by 0.53%, while the Nifty Small-cap 100 Index surged by 0.96%. Nifty small-cap index continued its upward journey for the fourth day to close at a four-month high. Market breadth remained positive for the fourth consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.33. On the outlook of the Nifty 50 today, Devarsh Vakil, Head of Prime Research at HDFC Securities, said, "Technically, the Nifty has regained its level above the 20-day EMA, indicating a potential strengthening of the underlying trend. The index appears to have established a strong base near 24,500. On the upside, 24,900 could offer short-term resistance for the Nifty, as investors also looked ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time." Asked about the outlook of the Bank Nifty today, Om Mehra, Technical Research Analyst, SAMCO Securities, said, "The Bank Nifty index is trading above all major moving averages, and the ascending triangle visible on the daily chart suggests the potential for an upward push. A close above 56,162 could open room for a fresh leg of gains." Speaking on the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, 'We expect markets to consolidate with a positive bias, tracking global markets, macro-economic indicators and progress in US-India trade negotiations.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today under ₹ 100: Shriram Properties, Subex, Sagility India, Ujjivan Small Finance Bank, YATRA, and Ugar Sugar. 1] Shriram Properties: Buy at ₹ 97.95, Target ₹ 103, Stop Loss ₹ 95.50; and 2] Subex: Buy at ₹ 15.30, Target ₹ 18, Stop Loss ₹ 14. 3] Sagility India: Buy at ₹ 38.50 to ₹ 39.10, Targets ₹ 40.75, ₹ 42.50, ₹ 45, Stop Loss ₹ 37.70; and 4] Ujjivan Small Finance Bank: Buy at ₹ 44 to ₹ 44.60, Targets ₹ 45.60, ₹ 46.50, ₹ 48, ₹ 50, Stop Loss ₹ 42.80. 5] YATRA: Buy at ₹ 95.90, Targets ₹ 100.80, ₹ 104, Stop Loss ₹ 93.80. 6] Ugar Sugar: Buy at ₹ 49.70, Target ₹ 53, Stop Loss ₹ 48.50.
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 6 June 2025
Stock market today: Ahead of the weekly expiry, the Indian stock market ended higher on Thursday. The Nifty 50 index ended 130 points higher at 24,750, the BSE Sensex finished 443 points upside at 81,442, while the Bank Nifty index added 84 points and closed at 55,760. Eternal, Trent and Dr Reddy were major gainers on the Nifty, while major losers were IndusInd Bank, Tata Consumer, and Axis Bank. Trading volumes on the NSE cash market were higher by 6% compared to Wednesday's session. The Mid-cap and the Small-cap indices continued to outperform the benchmark. The Nifty Mid-cap 100 Index rose by 0.53%, while the Nifty Small-cap 100 Index surged by 0.96%. Nifty small-cap index continued its upward journey for the fourth day to close at a four-month high. Market breadth remained positive for the fourth consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.33. On the outlook of the Nifty 50 today, Devarsh Vakil, Head of Prime Research at HDFC Securities, said, "Technically, the Nifty has regained its level above the 20-day EMA, indicating a potential strengthening of the underlying trend. The index appears to have established a strong base near 24,500. On the upside, 24,900 could offer short-term resistance for the Nifty, as investors also looked ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time." Asked about the outlook of the Bank Nifty today, Om Mehra, Technical Research Analyst, SAMCO Securities, said, "The Bank Nifty index is trading above all major moving averages, and the ascending triangle visible on the daily chart suggests the potential for an upward push. A close above 56,162 could open room for a fresh leg of gains." Speaking on the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, 'We expect markets to consolidate with a positive bias, tracking global markets, macro-economic indicators and progress in US-India trade negotiations.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today under ₹ 100: Shriram Properties, Subex, Sagility India, Ujjivan Small Finance Bank, YATRA, and Ugar Sugar. 1] Shriram Properties: Buy at ₹ 97.95, Target ₹ 103, Stop Loss ₹ 95.50; and 2] Subex: Buy at ₹ 15.30, Target ₹ 18, Stop Loss ₹ 14. 3] Sagility India: Buy at ₹ 38.50 to ₹ 39.10, Targets ₹ 40.75, ₹ 42.50, ₹ 45, Stop Loss ₹ 37.70; and 4] Ujjivan Small Finance Bank: Buy at ₹ 44 to ₹ 44.60, Targets ₹ 45.60, ₹ 46.50, ₹ 48, ₹ 50, Stop Loss ₹ 42.80. 5] YATRA: Buy at ₹ 95.90, Targets ₹ 100.80, ₹ 104, Stop Loss ₹ 93.80. 6] Ugar Sugar: Buy at ₹ 49.70, Target ₹ 53, Stop Loss ₹ 48.50. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Business Standard
27-05-2025
- Business
- Business Standard
Shriram Properties consolidated net profit rises 136.30% in the March 2025 quarter
Sales rise 34.90% to Rs 407.73 crore Net profit of Shriram Properties rose 136.30% to Rs 47.78 crore in the quarter ended March 2025 as against Rs 20.22 crore during the previous quarter ended March 2024. Sales rose 34.90% to Rs 407.73 crore in the quarter ended March 2025 as against Rs 302.24 crore during the previous quarter ended March 2024. For the full year,net profit rose 2.29% to Rs 77.20 crore in the year ended March 2025 as against Rs 75.47 crore during the previous year ended March 2024. Sales declined 4.75% to Rs 823.44 crore in the year ended March 2025 as against Rs 864.53 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 407.73302.24 35 823.44864.53 -5 OPM % 11.97-3.36 - 3.579.30 - PBDT 64.9314.90 336 98.2585.46 15 PBT 62.5812.38 405 87.9076.38 15 NP 47.7820.22 136 77.2075.47 2
Business Standard
27-05-2025
- Business
- Business Standard
Shriram Properties sizzles after Q4 PAT zooms 137% to Rs 48 cr
Shriram Properties surged 16.30% to Rs 98.44 after the company's consolidated net profit soared 137% to Rs 47.78 crore on 34.9% jump in revenue from operations to Rs 407.73 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) surged 405.49% YoY to Rs 62.58 core in Q4 FY25. EBITDA stood at Rs 68.6 crore in Q4 FY25, registering the growth of 4% compared with Rs 65.7 crore in Q4 FY24. On full year basis, the companys consolidated net profit rose 2.29% to Rs 77.20 crore despite a 4.75% decline in revenue from operations to Rs 823.44 crore in FY25 over FY24. The company generated cash flows from operations (CFO) of Rs 305 crore in FY25, up 10.11% from Rs 277 crore in FY24. Free Cash Flow (FCF) before new project investments stood at Rs 273 crore in FY25, up 75% compared to Rs 156 crore in FY24. Overall finance cost fell 11% YoY to Rs 104.6 crore in FY25. Interest expenses were lower at Rs 90.4 crore (down 16% YoY), reflecting scheduled loan repayments and reduced borrowing costs. Non-cash finance costs were lower by 23% YoY in FY25. "Net debt reduced by 26% to Rs. 326 crore, thus resulting in debt-equity of only 0.24x, compared to 0.35x last year, which is amongst lowest in the industry," the company stated in exchange filing. The company stated that its outlook for the next 3 years appears strong and encouraging. It is preparing to launch a series of ambitious projects, supported by healthy project pipeline in-hand and aggressive addition of new projects. With nearly 85% of ongoing projects already sold, focused execution and timely completion are expected to drive stronger revenue recognition momentum in FY26 and beyond. Continued scaling of operations and a firm focus on cost control should help sustain margins and profitability. The company is well on its way toward achieving its medium-term mission, articulated recently. Murali M, CMD of Shriram Properties said: Our results reflect the strength of our operating platform that has once again demonstrated resilience and overcome external-led challenges to deliver satisfactory operational and financial performance during FY25. We are entering FY26 with strong momentum and a clear strategic focus. Resilient demand for housing, especially in the mid & mid-premium segments, presents a significant opportunity. At SPL, we are well-positioned to capitalize on this. Our focus will remain on faster execution to unlock cashflows from ongoing projects while we build stronger project pipeline for sustainable growth. We are committed to delivering long-term value for all stakeholders. Shriram Properties (SPL) is one of India's leading residential real estate developer, focused on the mid-market and mid-premium segments. SPLs key markets include Bangalore, Chennai and Kolkata.
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Business Standard
27-05-2025
- Business
- Business Standard
Shriram Properties share skyrockets 18% on robust Q4 results; details here
Shriram Properties share price: Property developer Shriram Properties shares were buzzing in trade in a weak market on Tuesday, May 27, 2025, with the scrip skyrocketing as much as 17.65 per cent to hit an intraday high of ₹99.58 per share. At 2:38 PM, Shriram Properties shares continued to trade near day's high level, up 16.85 per cent at ₹98.90 per share. In comparison, BSE Sensex was trading 1.11 per cent lower at 81,264.71 level. What sparked the uptick in Shriram Properties stock price? Shriram Properties shares were buzzing in trade on the back of a strong March quarter of financial year 2025 (Q4FY25) performance. The company's net profit climbed 137 per cent Y-o-Y to ₹47.7 crore in Q4FY25, from ₹20.1 crore in Q4FY24. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) zoomed 94 per cent annually to ₹89.2 crore, as against ₹45.9 crore a year ago. The company's net debt reduced 26 per cent to ₹326 crore, thus resulting in debt-equity of only 0.24x, compared to 0.35x last year, which is amongst lowest in the industry. 'Our results reflect the strength of our operating platform that has once again demonstrated resilience and overcome external-led challenges to deliver satisfactory operational and financial performance during FY25. We are entering FY26 with strong momentum and a clear strategic focus. Resilient demand for housing, especially in the mid & mid-premium segments, presents a significant opportunity. At SPL, we are well-positioned to capitalise on this. Our focus will remain on faster execution to unlock cashflows from ongoing projects while we build a stronger project pipeline for sustainable growth. We are committed to delivering long-term value for all stakeholders,' said Murali M, CMD of Shriram Properties. Shriram Properties outlook Shriram Properties has effectively navigated short-term sectoral headwinds, delivering a resilient performance, the company said. It remains firmly positioned on its growth trajectory, leveraging a strong operational foundation to drive profitable expansion. Over the next three years, Shriram Properties' outlook is both robust and promising. The company is set to roll out a series of ambitious projects, backed by a solid project pipeline and a strategic push to add new developments. With approximately 85 per cent of ongoing projects already sold, focused execution and timely project completions are expected to accelerate revenue recognition from FY26 onwards. 'Positive macro-economic trends and sustained housing demand—particularly in the mid and midpremium segments—underscore the long-term growth potential for segment leaders like Shriram Properties. SPL's trajectory is further reinforced by its robust operating platform and a well-established project pipeline,' the company added. About Shriram Properties Shriram Properties is among the leading residential real estate development companies in South India, primarily focused on the mid-market and mid-market premium housing categories. The company is also present in the plotted development segment. It commenced operations in Bengaluru in the year 2000, and has since expanded its presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, the company also has a presence in Kolkata in East India, where it is developing a large mixed-use project.
