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Escorts Gains 7%; BSE AUTO Index Up 1.9%
Fri, 20 Sep 13:4

Escorts Gains 7%; BSE AUTO Index Up 1.9%Image source: peterschreiber.media/www.istockphoto.com

Escorts share price has zoomed 7% and is presently trading at Rs 4,081.0.

Meanwhile, the BSE AUTO index is at 59,532.3 (up 1.9%).

Among the top gainers in the BSE AUTO index today are M&M (up 4.8%) and Eicher Motor (up 3.5%).

Motherson Sumi (down 0.7%) and MRF (down 0.2%) are among the top losers today.

Over the last one year, Escorts has moved up from Rs 3,169.3 to Rs 4,081.0, registering a gain of Rs 911.8 (up 28.8%).

On the other hand, the BSE AUTO index has moved up from 37,472.6 to 59,532.3, registering a gain of 58.9% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 130.4%), Cummins India (up 118.5%) and Motherson Sumi (up 105.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,408.6 (up 1.5%).

The top gainers among the BSE Sensex today are M&M (up 4.8%) and JSW Steel (up 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,768.5 (up 1.4%). M&M and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 84,408.6, registering a gain of 16,811.7 points (up 24.9%).

Escorts Financial Update...

Escorts net profit grew 1.0% YoY to Rs 2,880 million for the quarter ended June 2024, compared to a profit of Rs 2,852 million a year ago. Net sales declined 1.9% to Rs 23,100 million during the period as against Rs 23,552 million in April-June 2023.

For the year ended March 2024, Escorts reported 64.8% increase in net profit to Rs 10,491 million compared to net profit of Rs 6,367 million during FY23. Revenue of the company grew 5.0% to Rs 88,496 million during FY24.

The current Price to earnings ratio of Escorts, based on rolling 12 month earnings, stands at 43.5.

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