BAJAJ AUTO Surges by 6%; BSE AUTO Index Up 2.5%
May 17, 2019 02:58 PM

BAJAJ AUTO share price has zoomed 6% and is presently trading at Rs 3,122.

Meanwhile, the BSE AUTO Index is at 18,266 (up 2.5%).

Among the top Gainers in the BSE AUTO Index today is BAJAJ AUTO (up 5.6%).

MOTHERSON SUMI (down 0.8%) is among the top loser today.

Over the last one year, BAJAJ AUTO has moved up from Rs 2,808 to Rs 3,122, registering a gain of Rs 314 (up 10.8%).

On the other hand, the BSE AUTO has moved down from 24,791 to 18,266, loss of 6,525 points (down 26.4%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were BAJAJ AUTO (up 10.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,877 (up 1.1%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 5.6%), BAJAJ FINANCE (up 5.5%) and HERO MOTOCORP (up 3.9%). Other gainers include MARUTI SUZUKI (up 2.8%) and HUL (up 2.8%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,394 (up 1.0%). BAJAJ FINANCE (up 5.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,877, registering a gain of 2,489 points (up 6.8%).

BAJAJ AUTO Financial Update...

BAJAJ AUTO net profit stood at Rs 11 billion for the quarter ended December 2018, compared to a profit of Rs 10 billion a year ago. Net Sales rose 16.3% to Rs 74.1 billion during the period as against Rs 63.7 billion in October-December 2017.

For the year ended March 2018, BAJAJ AUTO reported 4.2% increase in net profit to Rs 42.5 billion compared to net profit of Rs 40.8 billion during FY17.

Revenue of the company grew 10.6% to Rs 251 billion during FY18.

The current Price to earnings ratio of BAJAJ AUTO, based on rolling 12 month earnings, stands at 20.7x.