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Eicher Motor Plunges 3%; BSE AUTO Index Down 2.2%
Fri, 2 Aug 10:42

Eicher Motor Plunges 3%; BSE AUTO Index Down 2.2%Image source: DNY59/www.istockphoto.com

Eicher Motor share price has plunged 3% and is presently trading at Rs 4,775.0.

Meanwhile, the BSE AUTO index is at 58,378.2 (down 2.2%).

Among the top losers in the BSE AUTO index today are Cummins India (down 7.3%) and Tata Motors (down 3.8%).

Over the last one year, Eicher Motor has moved up from Rs 3,366.9 to Rs 4,775.0, registering a gain of Rs 1,408.2 (up 41.8%).

On the other hand, the BSE AUTO index has moved up from 36,017.4 to 58,378.2, registering a gain of 62.1% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 98.3%), Bajaj Auto (up 95.8%) and M&M (up 88.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,090.3 (down 0.9%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and Maruti Suzuki (down 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). 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 66,527.7 to 81,090.3, registering a gain of 14,562.6 points (up 21.9%).

Eicher Motor Financial Update...

Eicher Motor net profit grew 28.2% YoY to Rs 9,386 million for the quarter ended March 2024, compared to a profit of Rs 7,322 million a year ago. Net sales rose 11.9% to Rs 42,560 million during the period as against Rs 38,043 million in January-March 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 36.8.

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