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Escorts Gains 3%; BSE AUTO Index Up 0.9%
Thu, 13 Jun 16:8

Escorts share price has zoomed 3% and is presently trading at Rs 4,249.9.

Meanwhile, the BSE AUTO index is at 57,610.1 (up 0.9%).

Among the top gainers in the BSE AUTO index today are TUBE INVESTMENTS OF INDIA (up 3.9%) and Bosch (up 3.1%).

Eicher Motor (down 0.9%) and Ashok Leyland (down 0.4%) are among the top losers today.

Over the last one year, Escorts has moved up from Rs 2,158.1 to Rs 4,249.9, registering a gain of Rs 2,091.8 (up 96.9%).

On the other hand, the BSE AUTO index has moved up from 33,803.7 to 57,610.1, registering a gain of 70.4% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were M&M (up 108.2%), Bajaj Auto (up 108.0%) and Cummins India (up 107.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,810.9 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Titan (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,399.4 (up 0.3%). Shriram Transport and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,810.9, registering a gain of 14,086.2 points (up 22.5%).

Escorts Financial Update...

Escorts net profit grew 15.3% YoY to Rs 2,372 million for the quarter ended March 2024, compared to a profit of Rs 2,057 million a year ago. Net sales declined 5.5% to Rs 20,935 million during the period as against Rs 22,145 million in January-March 2023.

For the year ended March 2023, Escorts reported 13.5% decrease in net profit to Rs 6,367 million compared to net profit of Rs 7,356 million during FY22. Revenue of the company grew 15.7% to Rs 84,287 million during FY23.

The current Price to earnings ratio of Escorts, based on rolling 12 month earnings, stands at 45.5.

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