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TVS Motors Plunges 4%; BSE AUTO Index Down 2.8%
Thu, 3 Oct 13:56

TVS Motors Plunges 4%; BSE AUTO Index Down 2.8%Image source: KanawatTH/www.istockphoto.com

TVS Motors share price has plunged 4% and is presently trading at Rs 2,724.3.

Meanwhile, the BSE AUTO index is at 59,523.9 (down 2.8%).

Among the top losers in the BSE AUTO index today are Cummins India (down 4.9%) and TUBE INVESTMENTS OF INDIA (down 4.0%).

Over the last one year, TVS Motors has moved up from Rs 1,530.0 to Rs 2,724.3, registering a gain of Rs 1,194.3 (up 78.1%).

On the other hand, the BSE AUTO index has moved up from 36,184.1 to 59,523.9, registering a gain of 64.5% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 136.7%), Cummins India (up 119.6%) and Motherson Sumi (up 111.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,557.8 (down 2.0%).

The top losers among the BSE Sensex today are Asian Paints (down 4.4%) and L&T (down 4.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..

In the meantime, NSE Nifty is at 25,255.2 (down 2.1%). BPCL and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,557.8, registering a gain of 17,045.7 points (up 26.0%).

TVS Motors Financial Update...

TVS Motors net profit grew 11.2% YoY to Rs 5,029 million for the quarter ended June 2024, compared to a profit of Rs 4,522 million a year ago. Net sales rose 14.9% to Rs 104,069 million during the period as against Rs 90,555 million in April-June 2023.

For the year ended March 2024, TVS Motors reported 35.8% increase in net profit to Rs 17,785 million compared to net profit of Rs 13,095 million during FY23. Revenue of the company grew 22.4% to Rs 391,447 million during FY24.

The current Price to earnings ratio of TVS Motors, based on rolling 12 month earnings, stands at 69.1.

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