TECH MAHINDRA at 52 Week High; BSE 500 Index Up 0.0%
February 21, 2019 10:16 AM

TECH MAHINDRA share price has hit a 52-week high at Rs 825 (up 1.6%).

Meanwhile, the BSE 500 Index is at 14,065 (up 0.1%).

Among the top gainers in the BSE 500 Index today are TECH MAHINDRA (up 1.6%) and CORPORATION BANK (up 14.5%).

IL&FS TRANSPORTATION (down 4.9%) and OIL INDIA LTD. (down 4.1%) are among the top losers today.

Over the last one year, TECH MAHINDRA has moved up from Rs 573 to Rs 825, registering a gain of Rs 252 (up 43.93%).

The BSE 500 has moved down from 14,483 to 14,065, loss of 418 points (down 3.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BATA INDIA (up 79.3%), NIIT TECHNOLOGIES (up 71.9%) and V-MART RETAIL (up 69.7%).

What About the Benchmark Indices?

The BSE Sensex is at 35,851 (down 0.1%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 2.2%), VEDANTA LTD (up 1.7%) and ONGC (up 1.2%). Other gainers include SUN PHARMA (up 0.9%) and SBI (up 0.8%). The most traded stocks in the BSE Sensex are VEDANTA LTD and SBI.

In the meantime, NSE Nifty is at 10,757 . ICICI BANK (up 2.4%) and VEDANTA LTD (up 2.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,704 to 35,851, registering a gain of 2,147 points (up 6.0%).

TECH MAHINDRA Financial Update...

TECH MAHINDRA net profit stood at Rs 12 billion for the quarter ended December 2018, compared to a profit of Rs 9 billion a year ago. Net Sales rose 15.0% to Rs 89.4 billion during the period as against Rs 77.8 billion in October-December 2017.

For the year ended March 2018, TECH MAHINDRA reported 32.7% increase in net profit to Rs 37.9 billion compared to net profit of Rs 28.5 billion during FY17.

Revenue of the company grew 5.6% to Rs 308 billion during FY18.

The current Price to earnings ratio of TECH MAHINDRA, based on rolling 12 month earnings, stands at 16.5x.