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Maruti Suzuki Plunges 5%; BSE AUTO Index Down 2.4%
Tue, 29 Oct 13:42

Maruti Suzuki Plunges 5%; BSE AUTO Index Down 2.4%Image source: CreativaImages/www.istockphoto.com

Maruti Suzuki share price has plunged 5% and is presently trading at Rs 10,880.8.

Meanwhile, the BSE AUTO index is at 53,228.9 (down 2.4%).

Among the top losers in the BSE AUTO index today are Tata Motors (down 5.0%) and Hero Motocorp (down 3.2%).

Escorts (up 4.5%) and Eicher Motor (up 2.0%) are among the top gainers today.

Over the last one year, Maruti Suzuki has moved up from Rs 10,596.3 to Rs 10,880.8, registering a gain of Rs 284.5 (up 2.7%).

On the other hand, the BSE AUTO index has moved up from 36,901.1 to 53,228.9, registering a gain of 44.2% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 104.6%), Cummins India (up 103.2%) and Bosch (up 83.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,877.2 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 5.0%) and Indusind Bank (down 2.7%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,275.3 (down 0.3%). Tata Motors and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,877.2, registering a gain of 15,828.1 points (up 24.7%).

Maruti Suzuki Financial Update...

Maruti Suzuki net profit grew 49.2% YoY to Rs 37,021 million for the quarter ended June 2024, compared to a profit of Rs 24,807 million a year ago. Net sales rose 10.0% to Rs 357,794 million during the period as against Rs 325,348 million in April-June 2023.

For the year ended March 2024, Maruti Suzuki reported 63.2% increase in net profit to Rs 134,882 million compared to net profit of Rs 82,637 million during FY23. Revenue of the company grew 19.8% to Rs 1,418,582 million during FY24.

The current Price to earnings ratio of Maruti Suzuki, based on rolling 12 month earnings, stands at 23.7.


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