Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Eicher Motor Plunges 3%; BSE AUTO Index Down 1.2%
Thu, 3 Oct 9:59

Eicher Motor Plunges 3%; BSE AUTO Index Down 1.2%Image source: bluebay2014/www.istockphoto.com

Eicher Motor share price has plunged 3% and is presently trading at Rs 4,825.0.

Meanwhile, the BSE AUTO index is at 60,517.7 (down 1.2%).

Among the top losers in the BSE AUTO index today are Tata Motors (down 1.9%) and TUBE INVESTMENTS OF INDIA (down 1.7%).

Escorts (up 0.1%) is among the top gainers today.

Over the last one year, Eicher Motor has moved up from Rs 3,351.0 to Rs 4,825.0, registering a gain of Rs 1,474.0 (up 44.0%).

On the other hand, the BSE AUTO index has moved up from 36,184.1 to 60,517.7, registering a gain of 67.2% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 138.8%), Cummins India (up 128.0%) and Motherson Sumi (up 117.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 83,689.0 (down 0.7%).

The top losers among the BSE Sensex today are Asian Paints (down 2.5%) and Tata Motors (down 1.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,594.9 (down 0.8%). BPCL and Asian Paints are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,689.0, registering a gain of 18,176.9 points (up 27.7%).

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 36.1.


Equitymaster requests your view! Post a comment on "Eicher Motor Plunges 3%; BSE AUTO Index Down 1.2%". Click here!