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Todays Market
Indian Stock Market Updates March 1, 2021

Markets will remain closed on 21^st April, 2021 on account of Ram Navami.

M&M Share Price Up by 5%; BSE AUTO Index Up 2.6%
Mon, 1 Mar 10:32 AM

M&M share price has zoomed 5% and is presently trading at Rs 849.

Meanwhile, the BSE AUTO Index is at 23,530 (up 2.6%).

Among the top Gainers in the BSE AUTO Index today is M&M (up 5.5%).

Over the last one year, M&M has moved up from Rs 510 to Rs 849, registering a gain of Rs 339 (up 66.5%).

On the other hand, the BSE AUTO has moved up from 16,627 to 23,530, registering a gain of 6,903 points (up 41.5%) during the last 12 months.

The top buzzing stocks among the BSE AUTO Index stocks during this same period were TATA MOTORS (up 116.8%), MOTHERSON SUMI (up 92.5%) and M&M (up 66.5%).

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

What About the Benchmark Indices?

The BSE Sensex is at 49,996 (up 1.8%).

The top gainers among the BSE Sensex stocks today are M&M (up 5.5%), TECH MAHINDRA (up 3.9%) and TITAN (up 3.6%). Other gainers include ONGC (up 3.6%) and POWER GRID (up 3.4%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 14,789 (up 1.8%). The top gainers in the NSE Nifty include M&M (up 5.0%), UPL (up 4.1%) and ONGC (up 3.7%). Other gainers include POWER GRID (up 3.7%) and TECH MAHINDRA (up 3.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,281 to 49,996, registering a gain of 9,715 points (up 24.09%).

M&M Financial Update...

M&M net profit down at Rs 309 million for the quarter ended December 2020, compared to a loss of Rs 3 billion a year ago. Net Sales rose 15.2% to Rs 142.2 billion during the period as against Rs 123.5 billion in October-December 2019.

For the year ended March 2020, M&M reported 86.2% decrease in net profit to Rs 6.1 billion compared to net profit of Rs 44.3 billion during FY19.

Revenue of the company grew 9.1% to Rs 952 billion during FY20.

The current Price to earnings ratio of M&M, based on rolling 12 month earnings, stands at down 46.2x.