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Maruti Suzuki Plunges 4%; BSE AUTO Index Down 2.2%
Fri, 2 Aug 10:42

Maruti Suzuki Plunges 4%; BSE AUTO Index Down 2.2%Image source: bluebay2014/www.istockphoto.com

Maruti Suzuki share price has plunged 4% and is presently trading at Rs 12,859.5.

Meanwhile, the BSE AUTO index is at 58,378.2 (down 2.2%).

Among the top losers in the BSE AUTO index today are Cummins India (down 7.3%) and Eicher Motor (down 3.9%).

Over the last one year, Maruti Suzuki has moved up from Rs 9,819.6 to Rs 12,859.5, registering a gain of Rs 3,040.0 (up 31.0%).

On the other hand, the BSE AUTO index has moved up from 36,017.4 to 58,378.2, registering a gain of 62.1% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 98.3%), Bajaj Auto (up 95.8%) and M&M (up 88.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,090.3 (down 0.9%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and JSW Steel (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Eicher Motor are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,090.3, registering a gain of 14,562.6 points (up 21.9%).

Maruti Suzuki Financial Update...

Maruti Suzuki net profit grew 49.2% YoY to Rs 37,021 million for the quarter ended June 2024, compared to a profit of Rs 24,807 million a year ago. Net sales rose 10.0% to Rs 357,794 million during the period as against Rs 325,348 million in April-June 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 28.0.

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