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Escorts Plunges 8%; BSE AUTO Index Down 0.4%
Thu, 24 Oct 9:46

Escorts Plunges 8%; BSE AUTO Index Down 0.4%Image source: Sefa Ozel/www.istockphoto.com

Escorts share price has plunged 8% and is presently trading at Rs 3,408.0.

Meanwhile, the BSE AUTO index is at 55,343.5 (down 0.4%).

Among the top losers in the BSE AUTO index today are TVS Motors (down 2.6%) and TUBE INVESTMENTS OF INDIA (down 2.1%).

Tata Motors (up 0.6%) and Ashok Leyland (up 0.4%) are among the top gainers today.

Over the last one year, Escorts has moved up from Rs 3,131.6 to Rs 3,408.0, registering a gain of Rs 276.4 (up 8.8%).

On the other hand, the BSE AUTO index has moved up from 37,013.4 to 55,343.5, registering a gain of 49.5% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 110.6%), Cummins India (up 100.2%) and Bajaj Auto (up 94.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,927.4 (down 0.2%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 5.1%) and Nestle (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,362.2 (down 0.3%). Hindustan Unilever and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,927.4, registering a gain of 15,355.5 points (up 23.8%).

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 36.8.


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