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Maruti Suzuki Gains 4%; BSE AUTO Index Up 0.4%
Wed, 31 Jul 15:32

Maruti Suzuki Gains 4%; BSE AUTO Index Up 0.4%Image source: phive2015/www.istockphoto.com

Maruti Suzuki share price has zoomed 4% and is presently trading at Rs 13,022.2.

Meanwhile, the BSE AUTO index is at 60,155.6 (up 0.4%).

Among the top gainers in the BSE AUTO index today are Balkrishna Ind (up 1.9%) and MRF (up 1.9%).

TUBE INVESTMENTS OF INDIA (down 1.1%) and M&M (down 0.7%) are among the top losers today.

Over the last one year, Maruti Suzuki has moved up from Rs 9,819.6 to Rs 13,022.2, registering a gain of Rs 3,202.7 (up 32.6%).

On the other hand, the BSE AUTO index has moved up from 36,017.4 to 60,155.6, registering a gain of 67.0% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 99.8%), M&M (up 96.5%) and Bajaj Auto (up 96.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,771.0 (up 0.4%).

The top gainers among the BSE Sensex today are JSW Steel (up 3.6%) and Asian Paints (up 2.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,979.3 (up 0.5%). JSW Steel and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,771.0, registering a gain of 15,243.4 points (up 22.9%).

Maruti Suzuki Financial Update...

Maruti Suzuki net profit grew 46.8% YoY to Rs 38,749 million for the quarter ended March 2024, compared to a profit of Rs 26,396 million a year ago. Net sales rose 19.4% to Rs 384,712 million during the period as against Rs 322,135 million in January-March 2023.

For the year ended March 2023, Maruti Suzuki reported 111.7% increase in net profit to Rs 82,110 million compared to net profit of Rs 38,795 million during FY22. Revenue of the company grew 33.1% to Rs 1,175,713 million during FY23.

The current Price to earnings ratio of Maruti Suzuki, based on rolling 12 month earnings, stands at 31.0.


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