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TVS Motors Plunges 4%; BSE AUTO Index Down 2.3%
Thu, 17 Oct 9:27

TVS Motors Plunges 4%; BSE AUTO Index Down 2.3%Image source: KanawatTH/www.istockphoto.com

TVS Motors share price has plunged 4% and is presently trading at Rs 2,666.8.

Meanwhile, the BSE AUTO index is at 57,502.5 (down 2.3%).

Among the top losers in the BSE AUTO index today are Bajaj Auto (down 7.4%) and Hero Motocorp (down 3.6%).

Tata Motors (up 0.2%) is among the top gainers today.

Over the last one year, TVS Motors has moved up from Rs 1,601.7 to Rs 2,666.8, registering a gain of Rs 1,065.1 (up 66.5%).

On the other hand, the BSE AUTO index has moved up from 37,437.3 to 57,502.5, registering a gain of 53.6% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 120.0%), Bajaj Auto (up 111.8%) and Motherson Sumi (up 109.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,526.2 .

The top gainers among the BSE Sensex today are L&T (up 1.1%) and Infosys (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,940.2 (down 0.1%). Bajaj Auto and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,526.2, registering a gain of 15,359.3 points (up 23.2%).

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 67.7.


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