SHRIRAM CITY UNION Surges by 10%; BSE 500 Index Up 0.1%
June 28, 2019 09:20 AM

SHRIRAM CITY UNION share price has zoomed 10% and is presently trading at Rs 1,750.

Meanwhile, the BSE 500 Index is at 15,377 (up 0.1%).

Among the top Gainers in the BSE 500 Index today is SHRIRAM CITY UNION (up 10.2%).

PIDILITE INDUSTRIES and MARICO are among the top losers today.

Over the last one year, SHRIRAM CITY UNION has moved down from Rs 1,960 to Rs 1,750, registering a loss of Rs 210 (down 10.7%).

On the other hand, the BSE 500 has moved up from 14,479 to 15,377, registering a gain of 898 points (up 6.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 218.2%), VINATI ORGANICS (up 119.2%) and DCM SHRIRAM (up 95.0%).

What About the Benchmark Indices?

The BSE Sensex is at 39,666 (up 0.2%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 1.4%), HERO MOTOCORP (up 0.9%) and COAL INDIA (up 0.8%). Other gainers include SUN PHARMA (up 0.8%) and HCL TECHNOLOGIES (up 0.7%). The most traded stocks in the BSE Sensex are ASIAN PAINTS and HERO MOTOCORP.

In the meantime, NSE Nifty is at 11,861 (up 0.2%). DR. REDDYS LAB (up 1.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,217 to 39,666, registering a gain of 4,449 points (up 12.6%).

SHRIRAM CITY UNION Financial Update...

SHRIRAM CITY UNION net profit stood at Rs 4 billion for the quarter ended March 2019, compared to a profit of Rs 3 billion a year ago. Net Sales declined 0.2% to Rs 14.4 billion during the period as against Rs 14.4 billion in January-March 2018.

For the year ended March 2018, SHRIRAM CITY UNION reported 18.7% increase in net profit to Rs 6.9 billion compared to net profit of Rs 5.8 billion during FY17.

Revenue of the company grew 13.8% to Rs 54 billion during FY18.

The current Price to earnings ratio of SHRIRAM CITY UNION, based on rolling 12 month earnings, stands at 14.8x.