TVS SRICHAKRA Surges by 11%; BSE 500 Index Up 1.9%
September 23, 2019 10:18 AM

TVS SRICHAKRA share price has zoomed 11% and is presently trading at Rs 2,021.

Meanwhile, the BSE 500 Index is at 15,097 (up 1.9%).

Among the top Gainers in the BSE 500 Index today is TVS SRICHAKRA (up 11.3%).

GRAPHITE INDIA and PIRAMAL ENTERPRISES are among the top losers today.

Over the last one year, TVS SRICHAKRA has moved down from Rs 2,726 to Rs 2,021, registering a loss of Rs 705 (down 25.9%).

On the other hand, the BSE 500 has moved up from 14,945 to 15,097, registering a gain of 152 points (up -0.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 144.7%), INTERGLOBE AVIATION (INDIGO) (up 93.9%) and GODREJ PROPERTIES (up 71.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,346 (up 2.0%).

The top gainers among the BSE Sensex stocks today are ITC (up 7.1%), L&T (up 7.1%) and HUL (up 5.8%). Other gainers include ASIAN PAINTS (up 5.7%) and INDUSIND BANK (up 5.6%). The most traded stocks in the BSE Sensex are ITC and ICICI BANK.

In the meantime, NSE Nifty is at 11,666 (up 2.1%). L&T (up 7.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,842 to 39,346, registering a gain of 2,504 points (up 5.2%).

TVS SRICHAKRA Financial Update...

TVS SRICHAKRA net profit down at Rs 296 million for the quarter ended September 2018, compared to a loss of Rs 310 million a year ago. Net Sales rose 28.2% to Rs 6.3 billion during the period as against Rs 4.9 billion in July-September 2017.

For the year ended March 2019, TVS SRICHAKRA reported 12.0% decrease in net profit to Rs 1.0 billion compared to net profit of Rs 1.2 billion during FY18.

Revenue of the company grew 10.4% to Rs 24 billion during FY19.

The current Price to earnings ratio of TVS SRICHAKRA, based on rolling 12 month earnings, stands at 12.6x.