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Escorts Plunges 5%; BSE AUTO Index Down 1.0%
Mon, 7 Oct 14:44

Escorts Plunges 5%; BSE AUTO Index Down 1.0%Image source: peterschreiber.media/www.istockphoto.com

Escorts share price has plunged 5% and is presently trading at Rs 3,834.6.

Meanwhile, the BSE AUTO index is at 57,953.0 (down 1.0%).

Among the top losers in the BSE AUTO index today are TUBE INVESTMENTS OF INDIA (down 3.2%) and TVS Motors (down 2.1%).

M&M (up 0.2%) is among the top gainers today.

Over the last one year, Escorts has moved up from Rs 3,122.3 to Rs 3,834.6, registering a gain of Rs 712.3 (up 22.8%).

On the other hand, the BSE AUTO index has moved up from 36,184.1 to 57,953.0, registering a gain of 60.2% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 130.7%), Cummins India (up 113.0%) and Motherson Sumi (up 107.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,978.5 (down 0.9%).

The top losers among the BSE Sensex today are NTPC (down 4.6%) and MUNDRA PORT & SEZ (down 4.4%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,748.4 (down 1.1%). NTPC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 80,978.5, registering a gain of 15,466.4 points (up 23.6%).

Escorts Financial Update...

Escorts net profit grew 1.0% YoY to Rs 2,880 million for the quarter ended June 2024, compared to a profit of Rs 2,852 million a year ago. Net sales declined 1.9% to Rs 23,100 million during the period as against Rs 23,552 million in April-June 2023.

For the year ended March 2024, Escorts reported 64.8% increase in net profit to Rs 10,491 million compared to net profit of Rs 6,367 million during FY23. Revenue of the company grew 5.0% to Rs 88,496 million during FY24.

The current Price to earnings ratio of Escorts, based on rolling 12 month earnings, stands at 40.9.

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