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Eicher Motor Gains 7%; BSE AUTO Index Up 0.2%
Thu, 14 Nov 9:26

Eicher Motor Gains 7%; BSE AUTO Index Up 0.2%Image source: hudiemm/www.istockphoto.com

Eicher Motor share price has zoomed 7% and is presently trading at Rs 4,906.1.

Meanwhile, the BSE AUTO index is at 51,557.9 (up 0.2%).

Among the top gainers in the BSE AUTO index today are Balkrishna Ind (up 2.1%) and Motherson Sumi (up 1.7%).

Hero Motocorp (down 0.8%) and TUBE INVESTMENTS OF INDIA (down 0.7%) are among the top losers today.

Over the last one year, Eicher Motor has moved up from Rs 3,577.0 to Rs 4,906.1, registering a gain of Rs 1,329.1 (up 37.2%).

On the other hand, the BSE AUTO index has moved up from 37,293.2 to 51,557.9, registering a gain of 38.3% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 86.3%), M&M (up 82.5%) and Motherson Sumi (up 78.9%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,793.0 (up 0.1%).

The top gainers among the BSE Sensex today are HCl Tech. (up 0.9%) and Sun Pharma (up 0.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,615.1 (up 0.2%). Hindalco and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,793.0, registering a gain of 12,533.6 points (up 19.2%).

Eicher Motor Financial Update...

Eicher Motor net profit grew 13.3% YoY to Rs 9,269 million for the quarter ended June 2024, compared to a profit of Rs 8,179 million a year ago. Net sales rose 10.2% to Rs 43,931 million during the period as against Rs 39,864 million in April-June 2023.

For the year ended March 2024, Eicher Motor reported 37.3% increase in net profit to Rs 40,010 million compared to net profit of Rs 29,139 million during FY23. Revenue of the company grew 14.5% to Rs 165,358 million during FY24.

The current Price to earnings ratio of Eicher Motor, based on rolling 12 month earnings, stands at 36.7.


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