Escorts share price has plunged 8% and is presently trading at Rs 3,408.0.
Meanwhile, the BSE AUTO index is at 55,343.5 (down 0.4%).
Among the top losers in the BSE AUTO index today are TVS Motors (down 2.6%) and TUBE INVESTMENTS OF INDIA (down 2.1%).
Tata Motors (up 0.6%) and Ashok Leyland (up 0.4%) are among the top gainers today.
Over the last one year, Escorts has moved up from Rs 3,131.6 to Rs 3,408.0, registering a gain of Rs 276.4 (up 8.8%).
On the other hand, the BSE AUTO index has moved up from 37,013.4 to 55,343.5, registering a gain of 49.5% during the last 12 months.
The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 110.6%), Cummins India (up 100.2%) and Bajaj Auto (up 94.0%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 79,927.4 (down 0.2%).
The top losers among the BSE Sensex today are Hindustan Unilever (down 5.1%) and Nestle (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,362.2 (down 0.3%). Hindustan Unilever and Hindalco are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,927.4, registering a gain of 15,355.5 points (up 23.8%).
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 36.8.
Equitymaster requests your view! Post a comment on "Escorts Plunges 8%; BSE AUTO Index Down 0.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!