Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

M&M Gains 5%; BSE AUTO Index Up 2.1%
Fri, 20 Sep 16:35

M&M Gains 5%; BSE AUTO Index Up 2.1%Image source: StarLineArts/www.istockphoto.com

M&M share price has zoomed 5% and is presently trading at Rs 2,947.9.

Meanwhile, the BSE AUTO index is at 59,644.3 (up 2.1%).

Among the top gainers in the BSE AUTO index today are Escorts (up 7.1%) and TUBE INVESTMENTS OF INDIA (up 6.8%).

Motherson Sumi (down 1.0%) and Balkrishna Ind (down 0.1%) are among the top losers today.

Over the last one year, M&M has moved up from Rs 1,641.3 to Rs 2,947.9, registering a gain of Rs 1,306.6 (up 79.6%).

On the other hand, the BSE AUTO index has moved up from 37,472.6 to 59,644.3, registering a gain of 59.2% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 131.2%), Cummins India (up 121.6%) and Motherson Sumi (up 104.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,643.4 (up 1.8%).

The top gainers among the BSE Sensex today are ICICI Bank (up 5.2%) and JSW Steel (up 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,822.6 (up 1.6%). ICICI Bank and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 84,643.4, registering a gain of 17,046.6 points (up 25.2%).

M&M Financial Update...

M&M net profit fell 5.9% YoY to Rs 32,213 million for the quarter ended June 2024, compared to a profit of Rs 34,226 million a year ago. Net sales rose 9.8% to Rs 372,177 million during the period as against Rs 338,916 million in April-June 2023.

For the year ended March 2024, M&M reported 7.9% increase in net profit to Rs 122,698 million compared to net profit of Rs 113,745 million during FY23. Revenue of the company grew 14.0% to Rs 1,382,793 million during FY24.

The current Price to earnings ratio of M&M, based on rolling 12 month earnings, stands at 33.5.


Equitymaster requests your view! Post a comment on "M&M Gains 5%; BSE AUTO Index Up 2.1%". Click here!