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SHARDA MOTOR Plunges 4%; BSE AUTO Index Up 0.3%
Wed, 3 Jul 10:1

SHARDA MOTOR Plunges 4%; BSE AUTO Index Up 0.3%Image source: Kameleon007 /www.istockphoto.com

SHARDA MOTOR share price has plunged 4% and is presently trading at Rs 2,383.6.

Meanwhile, the BSE AUTO index is at 57,272.8 (up 0.3%).

Among the top losers in the BSE AUTO index today are Tata Motors (down 0.4%) and Maruti Suzuki (down 0.4%).

Motherson Sumi (up 1.3%) and TVS Motors (up 1.1%) are among the top gainers today.

Over the last one year, SHARDA MOTOR has moved up from Rs 805.9 to Rs 2,383.6, registering a gain of Rs 1,577.8 (up 195.8%).

On the other hand, the BSE AUTO index has moved up from 34,767.3 to 57,272.8, registering a gain of 64.7% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 138.7%), Cummins India (up 110.1%) and Bajaj Auto (up 105.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,033.2 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 3.1%) and Axis Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and SBI.

In the meantime, NSE Nifty is at 24,273.2 (up 0.6%). HDFC Bank and Axis Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,033.2, registering a gain of 14,828.1 points (up 22.7%).

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 24.0.

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