Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SHARDA MOTOR Plunges 6%; BSE AUTO Index Down 0.0%
Tue, 8 Oct 10:3

SHARDA MOTOR Plunges 6%; BSE AUTO Index Down 0.0%Image source: CreativaImages/www.istockphoto.com

SHARDA MOTOR share price has plunged 6% and is presently trading at Rs 2,112.0.

Meanwhile, the BSE AUTO index is at 58,299.2 .

Among the top losers in the BSE AUTO index today are Tata Motors (down 1.9%) and Eicher Motor (down 1.0%).

Cummins India (up 1.7%) and Balkrishna Ind (up 1.3%) are among the top gainers today.

Over the last one year, SHARDA MOTOR has moved up from Rs 970.0 to Rs 2,112.0, registering a gain of Rs 1,142.0 (up 117.7%).

On the other hand, the BSE AUTO index has moved up from 35,788.5 to 58,299.2, registering a gain of 62.9% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 136.4%), Motherson Sumi (up 115.8%) and Cummins India (up 115.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,338.8 (up 0.4%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.1%) and NTPC (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,856.4 (up 0.2%). MUNDRA PORT & SEZ and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,338.8, registering a gain of 16,112.8 points (up 24.7%).

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 2024, SHARDA MOTOR reported 43.8% increase in net profit to Rs 2,996 million compared to net profit of Rs 2,083 million during FY23. Revenue of the company grew 4.0% to Rs 28,093 million during FY24.

The current Price to earnings ratio of SHARDA MOTOR, based on rolling 12 month earnings, stands at 19.2.


Equitymaster requests your view! Post a comment on "SHARDA MOTOR Plunges 6%; BSE AUTO Index Down 0.0%". Click here!