TECH MAHINDRA at 52 Week High; BSE 500 Index Down 0.1 %
May 2, 2019 09:44 AM

TECH MAHINDRA share price has hit a 52-week high at Rs 842 (up 0.8%).

Meanwhile, the BSE 500 Index is at 15,302 (down 0.1%).

Among the top gainers in the BSE 500 Index today are TECH MAHINDRA (up 0.8%) and DCM SHRIRAM (up 8.3%).

JET AIRWAYS (down 17.4%) and RELIANCE POWER (down 10.7%) are among the top losers today.

Over the last one year, TECH MAHINDRA has moved up from Rs 672 to Rs 842, registering a gain of Rs 170 (up 25.32%).

The BSE 500 has moved up from 15,048 to 15,302, registering a gain of 254 points (up 1.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 119.1%), VINATI ORGANICS (up 102.1%) and BATA INDIA (up 82.2%).

What About the Benchmark Indices?

The BSE Sensex is at 39,037 (down 0.1%). The top gainers among the BSE Sensex stocks today are YES BANK (up 3.0%), BHARTI AIRTEL (up 1.5%) and HERO MOTOCORP (up 1.0%). Other gainers include POWER GRID (up 0.7%) and ONGC (up 0.6%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,734 (down 0.2%). YES BANK (up 3.6%) and BHARTI INFRATEL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,160 to 39,037, registering a gain of 3,877 points (up 10.8%).

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 16.8x.