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TVS Motors Plunges 2%; BSE AUTO Index Down 0.4%
Wed, 26 Jun 9:27

TVS Motors Plunges 2%; BSE AUTO Index Down 0.4%Image source: Sakorn BernardaSv/www.istockphoto.com

TVS Motors share price has plunged 2% and is presently trading at Rs 2,372.4.

Meanwhile, the BSE AUTO index is at 57,100.3 (down 0.4%).

Among the top losers in the BSE AUTO index today are TUBE INVESTMENTS OF INDIA (down 1.0%) and Bajaj Auto (down 0.9%).

Tata Motors (up 0.3%) and MRF (up 0.1%) are among the top gainers today.

Over the last one year, TVS Motors has moved up from Rs 1,290.0 to Rs 2,372.4, registering a gain of Rs 1,082.4 (up 83.9%).

On the other hand, the BSE AUTO index has moved up from 33,985.6 to 57,100.3, registering a gain of 68.0% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 127.1%), Cummins India (up 113.5%) and Bajaj Auto (up 107.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,104.2 (up 0.1%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 1.5%) and ICICI Bank (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,703.8 (down 0.1%). APOLLO HOSPITALS and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,104.2, registering a gain of 15,134.2 points (up 24.0%).

TVS Motors Financial Update...

TVS Motors net profit grew 23.7% YoY to Rs 4,209 million for the quarter ended March 2024, compared to a profit of Rs 3,402 million a year ago. Net sales rose 25.0% to Rs 100,425 million during the period as against Rs 80,314 million in January-March 2023.

For the year ended March 2023, TVS Motors reported 79.2% increase in net profit to Rs 13,095 million compared to net profit of Rs 7,309 million during FY22. Revenue of the company grew 31.3% to Rs 319,740 million during FY23.

The current Price to earnings ratio of TVS Motors, based on rolling 12 month earnings, stands at 61.9.


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