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Bajaj Auto Gains 4%; BSE AUTO Index Down 1.1%
Wed, 11 Sep 14:35

Bajaj Auto Gains 4%; BSE AUTO Index Down 1.1%Image source: phive2015/www.istockphoto.com

Bajaj Auto share price has zoomed 4% and is presently trading at Rs 11,434.6.

Meanwhile, the BSE AUTO index is at 57,092.3 (down 1.1%).

Among the top gainers in the BSE AUTO index today are Cummins India (up 2.3%) and Escorts (up 0.7%).

Tata Motors (down 5.5%) and Motherson Sumi (down 2.9%) are among the top losers today.

Over the last one year, Bajaj Auto has moved up from Rs 4,804.8 to Rs 11,434.6, registering a gain of Rs 6,629.8 (up 138.0%).

On the other hand, the BSE AUTO index has moved up from 37,061.3 to 57,092.3, registering a gain of 54.0% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 138.0%), Cummins India (up 116.7%) and Hero Motocorp (up 85.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,612.3 (down 0.4%).

The top losers among the BSE Sensex today are Tata Motors (down 5.5%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,951.1 (down 0.4%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,612.3, registering a gain of 14,485.2 points (up 21.6%).

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 41.3.

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