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Eicher Motor Gains 5%; BSE AUTO Index Up 1.5%
Fri, 9 Aug 9:19

Eicher Motor Gains 5%; BSE AUTO Index Up 1.5%Image source: peterschreiber.media/www.istockphoto.com

Eicher Motor share price has zoomed 5% and is presently trading at Rs 4,780.1.

Meanwhile, the BSE AUTO index is at 57,227.1 (up 1.5%).

Among the top gainers in the BSE AUTO index today are M&M (up 2.1%) and Maruti Suzuki (up 1.9%).

Over the last one year, Eicher Motor has moved up from Rs 3,355.6 to Rs 4,780.1, registering a gain of Rs 1,424.5 (up 42.5%).

On the other hand, the BSE AUTO index has moved up from 35,205.2 to 57,227.1, registering a gain of 62.6% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 116.3%), Bajaj Auto (up 108.4%) and TVS Motors (up 89.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,984.2 (up 1.4%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 2.2%) and M&M (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,386.9 (up 1.1%). ONGC and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,984.2, registering a gain of 14,030.8 points (up 21.3%).

Eicher Motor Financial Update...

Eicher Motor net profit grew 13.3% YoY to Rs 9,269 million for the quarter ended June 2024, compared to a profit of Rs 8,179 million a year ago. Net sales rose 10.2% to Rs 43,931 million during the period as against Rs 39,864 million in April-June 2023.

For the year ended March 2024, Eicher Motor reported 37.3% increase in net profit to Rs 40,010 million compared to net profit of Rs 29,139 million during FY23. Revenue of the company grew 14.5% to Rs 165,358 million during FY24.

The current Price to earnings ratio of Eicher Motor, based on rolling 12 month earnings, stands at 35.8.

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