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LANDMARK CARS Plunges 3%; BSE AUTO Index Up 1.9%
Fri, 16 Aug 15:44

LANDMARK CARS Plunges 3%; BSE AUTO Index Up 1.9%Image source: bluebay2014/www.istockphoto.com

LANDMARK CARS share price has plunged 3% and is presently trading at Rs 548.9.

Meanwhile, the BSE AUTO index is at 57,823.1 (up 1.9%).

Among the top losers in the BSE AUTO index today are TVS Motors (down 0.1%) and MRF (down 0.1%).

Ashok Leyland (up 3.6%) and M&M (up 3.4%) are among the top gainers today.

Over the last one year, LANDMARK CARS has moved down from Rs 725.3 to Rs 548.9, registering a loss of Rs 176.4 (down 24.3%).

On the other hand, the BSE AUTO index has moved up from 34,972.6 to 57,823.1, registering a gain of 65.3% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 115.5%), Bajaj Auto (up 114.4%) and TVS Motors (up 93.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,436.8 (up 1.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.9%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,539.2 (up 1.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,436.8, registering a gain of 15,034.9 points (up 23.0%).

LANDMARK CARS Financial Update...

LANDMARK CARS net profit fell 52.6% YoY to Rs 34 million for the quarter ended June 2024, compared to a profit of Rs 73 million a year ago. Net sales rose 19.9% to Rs 8,320 million during the period as against Rs 6,940 million in April-June 2023.

For the year ended March 2023, LANDMARK CARS reported 28.6% increase in net profit to Rs 851 million compared to net profit of Rs 662 million during FY22. Revenue of the company grew 13.6% to Rs 33,824 million during FY23.

The current Price to earnings ratio of LANDMARK CARS, based on rolling 12 month earnings, stands at 42.5.


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