M&M Plunges 4%; BSE AUTO Index Down 1.7%
Mon, 17 Feb 9:46
Image source: CreativaImages/www.istockphoto.comM&M share price has plunged 4% and is presently trading at Rs 2,810.5.
Meanwhile, the BSE AUTO index is at 48,498.9 (down 1.7%).
Among the top losers in the BSE AUTO index today are Cummins India (down 2.7%) and Hero Motocorp (down 2.3%).
Escorts (up 0.6%) and Tata Motors (up 0.4%) are among the top gainers today.
Over the last one year, M&M has moved up from Rs 1,645.9 to Rs 2,810.5, registering a gain of Rs 1,164.6 (up 70.8%).
On the other hand, the BSE AUTO index has moved up from 44,757.6 to 48,498.9, registering a gain of 8.4% during the last 12 months.
The top gainers among the BSE AUTO index stocks during this same period were M&M (up 70.8%), Ashok Leyland (up 23.7%) and Eicher Motor (up 20.8%).
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What About the Benchmark Indices?
The BSE Sensex is at 75,450.1 (down 0.6%).
The top losers among the BSE Sensex today are Infosys (down 1.7%) and Tech Mahindra (down 1.6%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 22,778.7 (down 0.7%). Hero Motocorp and Bharat Electronics are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 71,555.2 to 75,450.1, registering a gain of 3,894.9 points (up 5.4%).
M&M Financial Update...
M&M net profit grew 21.4% YoY to Rs 33,172 million for the quarter ended December 2024, compared to a profit of Rs 27,319 million a year ago. Net sales rose 17.5% to Rs 414,701 million during the period as against Rs 352,994 million in October-December 2023.
For the year ended March 2024, M&M reported 7.9% increase in net profit to Rs 122,698 million compared to net profit of Rs 113,745 million during FY23. Revenue of the company grew 14.0% to Rs 1,382,793 million during FY24.
The current Price to earnings ratio of M&M, based on rolling 12 month earnings, stands at 28.7.
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