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SHARDA MOTOR Gains 9%; BSE AUTO Index Down 0.5%
Wed, 26 Jun 9:28

SHARDA MOTOR Gains 9%; BSE AUTO Index Down 0.5%Image source: peterschreiber.media/www.istockphoto.com

SHARDA MOTOR share price has zoomed 9% and is presently trading at Rs 2,169.8.

Meanwhile, the BSE AUTO index is at 57,064.9 (down 0.5%).

Among the top gainers in the BSE AUTO index today are Tata Motors (up 0.4%) and MRF (up 0.1%).

TVS Motors (down 1.7%) and Bajaj Auto (down 1.1%) are among the top losers today.

Over the last one year, SHARDA MOTOR has moved up from Rs 762.9 to Rs 2,169.8, registering a gain of Rs 1,406.9 (up 184.4%).

On the other hand, the BSE AUTO index has moved up from 33,985.6 to 57,064.9, registering a gain of 67.9% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 127.2%), Cummins India (up 113.4%) and Bajaj Auto (up 107.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,111.7 (up 0.1%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 1.7%) and ICICI Bank (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,703.8 (down 0.1%). APOLLO HOSPITALS and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,111.7, registering a gain of 15,141.7 points (up 24.0%).

SHARDA MOTOR Financial Update...

SHARDA MOTOR net profit grew 41.6% YoY to Rs 857 million for the quarter ended March 2024, compared to a profit of Rs 605 million a year ago. Net sales rose 2.2% to Rs 7,034 million during the period as against Rs 6,882 million in January-March 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 21.9.

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