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Bajaj Auto Plunges 3%; BSE AUTO Index Down 2.4%
Tue, 29 Oct 13:42

Bajaj Auto Plunges 3%; BSE AUTO Index Down 2.4%Image source: Nikada/www.istockphoto.com

Bajaj Auto share price has plunged 3% and is presently trading at Rs 9,710.0.

Meanwhile, the BSE AUTO index is at 53,228.9 (down 2.4%).

Among the top losers in the BSE AUTO index today are Maruti Suzuki (down 5.2%) and Tata Motors (down 5.0%).

Escorts (up 4.5%) and Eicher Motor (up 2.0%) are among the top gainers today.

Over the last one year, Bajaj Auto has moved up from Rs 5,347.2 to Rs 9,710.0, registering a gain of Rs 4,362.9 (up 81.6%).

On the other hand, the BSE AUTO index has moved up from 36,901.1 to 53,228.9, registering a gain of 44.2% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 104.6%), Cummins India (up 103.2%) and Bosch (up 83.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,877.2 (down 0.2%).

The top losers among the BSE Sensex today are Maruti Suzuki (down 5.2%) and Tata Motors (down 5.0%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,275.3 (down 0.3%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,877.2, registering a gain of 15,828.1 points (up 24.7%).

Bajaj Auto Financial Update...

Bajaj Auto net profit grew 7.0% YoY to Rs 19,657 million for the quarter ended September 2024, compared to a profit of Rs 18,364 million a year ago. Net sales rose 22.2% to Rs 132,473 million during the period as against Rs 108,382 million in July-September 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 34.5.


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