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SHARDA MOTOR Gains 7%; BSE AUTO Index Up 0.4%
Fri, 20 Sep 9:20

SHARDA MOTOR Gains 7%; BSE AUTO Index Up 0.4%Image source: Sakorn BernardaSv/www.istockphoto.com

SHARDA MOTOR share price has zoomed 7% and is presently trading at Rs 2,599.8.

Meanwhile, the BSE AUTO index is at 58,669.6 (up 0.4%).

Among the top gainers in the BSE AUTO index today are MRF (up 1.6%) and Bajaj Auto (up 0.9%).

Eicher Motor (down 0.3%) and Escorts (down 0.1%) are among the top losers today.

Over the last one year, SHARDA MOTOR has moved up from Rs 1,003.8 to Rs 2,599.8, registering a gain of Rs 1,596.1 (up 159.0%).

On the other hand, the BSE AUTO index has moved up from 37,472.6 to 58,669.6, registering a gain of 56.6% 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 116.0%) and Motherson Sumi (up 107.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,603.0 (up 0.5%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.9%) and NTPC (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,526.0 (up 0.4%). JSW Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,603.0, registering a gain of 16,006.2 points (up 23.7%).

SHARDA MOTOR Financial Update...

SHARDA MOTOR net profit grew 38.5% YoY to Rs 763 million for the quarter ended June 2024, compared to a profit of Rs 551 million a year ago. Net sales rose 4.8% to Rs 6,854 million during the period as against Rs 6,541 million in April-June 2023.

For the year ended March 2023, SHARDA MOTOR reported 39.6% increase in net profit to Rs 2,083 million compared to net profit of Rs 1,492 million during FY22. Revenue of the company grew 19.7% to Rs 26,999 million during FY23.

The current Price to earnings ratio of SHARDA MOTOR, based on rolling 12 month earnings, stands at 23.6.


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