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Eicher Motor Plunges 3%; BSE AUTO Index Down 2.6%
Thu, 17 Oct 9:48

Eicher Motor Plunges 3%; BSE AUTO Index Down 2.6%Image source: Sefa Ozel/www.istockphoto.com

Eicher Motor share price has plunged 3% and is presently trading at Rs 4,538.3.

Meanwhile, the BSE AUTO index is at 57,295.6 (down 2.6%).

Among the top losers in the BSE AUTO index today are Bajaj Auto (down 8.9%) and Hero Motocorp (down 4.8%).

Over the last one year, Eicher Motor has moved up from Rs 3,485.2 to Rs 4,538.3, registering a gain of Rs 1,053.1 (up 30.2%).

On the other hand, the BSE AUTO index has moved up from 37,437.3 to 57,295.6, registering a gain of 53.0% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 118.4%), Bajaj Auto (up 108.5%) and Motherson Sumi (up 108.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,314.7 (down 0.2%).

The top losers among the BSE Sensex today are M&M (down 2.0%) and Maruti Suzuki (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,850.2 (down 0.5%). Bajaj Auto and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,314.7, registering a gain of 15,147.8 points (up 22.9%).

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 34.0.


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