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M&M Gains 3%; BSE AUTO Index Up 0.9%
Thu, 13 Jun 16:8

M&M share price has zoomed 3% and is presently trading at Rs 2,875.0.

Meanwhile, the BSE AUTO index is at 57,610.1 (up 0.9%).

Among the top gainers in the BSE AUTO index today are TUBE INVESTMENTS OF INDIA (up 3.9%) and Escorts (up 3.1%).

Eicher Motor (down 0.9%) and Ashok Leyland (down 0.4%) are among the top losers today.

Over the last one year, M&M has moved up from Rs 1,381.1 to Rs 2,875.0, registering a gain of Rs 1,494.0 (up 108.2%).

On the other hand, the BSE AUTO index has moved up from 33,803.7 to 57,610.1, registering a gain of 70.4% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were M&M (up 108.2%), Bajaj Auto (up 108.0%) and Cummins India (up 107.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,810.9 (up 0.3%).

The top gainers among the BSE Sensex today are Titan (up 2.6%) and L&T (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,399.4 (up 0.3%). Shriram Transport and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,810.9, registering a gain of 14,086.2 points (up 22.5%).

M&M Financial Update...

M&M net profit fell 1.2% YoY to Rs 27,302 million for the quarter ended March 2024, compared to a profit of Rs 27,622 million a year ago. Net sales rose 9.2% to Rs 354,517 million during the period as against Rs 324,557 million in January-March 2023.

For the year ended March 2023, M&M reported 56.8% increase in net profit to Rs 113,745 million compared to net profit of Rs 72,530 million during FY22. Revenue of the company grew 34.5% to Rs 1,212,686 million during FY23.

The current Price to earnings ratio of M&M, based on rolling 12 month earnings, stands at 32.1.

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