TVS SRICHAKRA Plunges by 5%; BSE 500 Index Down 1.2%
October 3, 2018 03:24 PM

TVS SRICHAKRA share price has plunged 5% and is presently trading at Rs 2,742.

Meanwhile, the BSE 500 Index is at 14,562 (down 1.2%).

Among the top losers in the BSE 500 Index today are TVS SRICHAKRA (down 5.3%) and EICHER MOTOR (down 6.5%).

GATI LTD (up 17.7%) and NALCO (up 11.5%) are among the top gainers today.

Over the last one year, TVS SRICHAKRA has moved down from Rs 3,057 to Rs 2,742, registering a loss of Rs 314 (down 10.3%)..

The BSE 500 has moved up from 13,715 to 14,562, registering a gain of 847 points (up 6.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 248.2%), SONATA SOFTWARE (up 136.2%) and L&T INFOTECH LTD (up 134.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,603 (down 1.6%). The top gainers among the BSE Sensex stocks today are YES BANK (up 5.8%), VEDANTA LTD (up 3.2%) and ONGC (up 1.4%). Other gainers include COAL INDIA (up 1.4%) and L&T (up 0.1%). The most traded stocks in the BSE Sensex are YES BANK and VEDANTA LTD.

In the meantime, NSE Nifty is at 10,989 (down 1.3%). YES BANK (up 5.9%) and HINDALCO (up 4.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,497 to 36,603, registering a gain of 5,106 points (up 14.2%).

TVS SRICHAKRA Financial Update...

TVS SRICHAKRA net profit stood at Rs 310 million for the quarter ended December 2017, compared to a profit of Rs 285 million a year ago. Net Sales rose 8.5% to Rs 4.9 billion during the period as against Rs 4.5 billion in October-December 2016.

For the year ended March 2018, TVS SRICHAKRA reported 21.6% decrease in net profit to Rs 1.2 billion compared to net profit of Rs 1.5 billion during FY17.

Revenue of the company grew 3.4% to Rs 22 billion during FY18.

The current Price to earnings ratio of TVS SRICHAKRA, based on rolling 12 month earnings, stands at 16.2x.