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Bajaj Auto Gains 3%; BSE AUTO Index Up 1.0%
Fri, 23 Aug 11:12

Bajaj Auto Gains 3%; BSE AUTO Index Up 1.0%Image source: Kameleon007 /www.istockphoto.com

Bajaj Auto share price has zoomed 3% and is presently trading at Rs 10,220.5.

Meanwhile, the BSE AUTO index is at 58,451.9 (up 1.0%).

Among the top gainers in the BSE AUTO index today are TVS Motors (up 2.9%) and Tata Motors (up 1.7%).

TUBE INVESTMENTS OF INDIA (down 0.7%) and Ashok Leyland (down 0.3%) are among the top losers today.

Over the last one year, Bajaj Auto has moved up from Rs 4,609.8 to Rs 10,220.5, registering a gain of Rs 5,610.7 (up 121.7%).

On the other hand, the BSE AUTO index has moved up from 35,144.6 to 58,451.9, registering a gain of 66.3% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 121.7%), Cummins India (up 117.3%) and TVS Motors (up 106.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,141.6 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.7%) and Sun Pharma (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,847.2 (up 0.1%). Tata Motors and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,141.6, registering a gain of 15,925.5 points (up 24.4%).

Bajaj Auto Financial Update...

Bajaj Auto net profit grew 18.1% YoY to Rs 19,418 million for the quarter ended June 2024, compared to a profit of Rs 16,441 million a year ago. Net sales rose 15.7% to Rs 119,321 million during the period as against Rs 103,119 million in April-June 2023.

For the year ended March 2024, Bajaj Auto reported 27.2% increase in net profit to Rs 77,082 million compared to net profit of Rs 60,602 million during FY23. Revenue of the company grew 23.1% to Rs 448,704 million during FY24.

The current Price to earnings ratio of Bajaj Auto, based on rolling 12 month earnings, stands at 36.9.

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