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Escorts Gains 4%; BSE AUTO Index Up 0.6%
Wed, 9 Oct 9:28

Escorts Gains 4%; BSE AUTO Index Up 0.6%Image source: Kameleon007 /www.istockphoto.com

Escorts share price has zoomed 4% and is presently trading at Rs 4,006.8.

Meanwhile, the BSE AUTO index is at 59,662.2 (up 0.6%).

Among the top gainers in the BSE AUTO index today are Tata Motors (up 2.3%) and TUBE INVESTMENTS OF INDIA (up 1.2%).

Ashok Leyland (down 2.4%) and TVS Motors (down 0.6%) are among the top losers today.

Over the last one year, Escorts has moved up from Rs 3,200.9 to Rs 4,006.8, registering a gain of Rs 805.9 (up 25.2%).

On the other hand, the BSE AUTO index has moved up from 35,890.4 to 59,662.2, registering a gain of 66.2% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 136.9%), Motherson Sumi (up 127.1%) and Cummins India (up 121.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,779.4 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.3%) and Tech Mahindra (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,072.5 (up 0.2%). Shriram Transport and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,779.4, registering a gain of 16,267.0 points (up 24.8%).

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 42.8.

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