TVS SRICHAKRA Plunges by 18%; BSE 500 Index Down 9.6%
March 13, 2020 09:43 AM

TVS SRICHAKRA share price has plunged 18% and is presently trading at Rs 1,179.

Meanwhile, the BSE 500 Index is at 11,966 (down 9.6%).

Among the top losers in the BSE 500 Index today are TVS SRICHAKRA (down 17.8%) and BAJAJ FINSERV (down 12.6%).

CG POWER & INDUSTRIAL (up 4.9%) and GRUH FINANCE (up 3.7%) are among the top gainers today.

Over the last one year, TVS SRICHAKRA has moved down from Rs 2,282 to Rs 1,179, registering a loss of Rs 1,103 (down 48.3%)..

The BSE 500 has moved down from 14,949 to 11,966, loss of 2,983 points (down 20.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 201.9%), NAVIN FLUORINE (up 81.3%) and ABBOTT INDIA (up 70.0%).

What About the Benchmark Indices?

The BSE Sensex is at 31,221 (down 9.4%).

In the meantime, NSE Nifty is at 9,133 (down 10.1%).

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,221, registering a loss of 6,315 points (down 20.91%).

TVS SRICHAKRA Financial Update...

TVS SRICHAKRA net profit down at Rs 203 million for the quarter ended September 2019, compared to a loss of Rs 236 million a year ago. Net Sales declined 6.4% to Rs 5.5 billion during the period as against Rs 5.8 billion in July-September 2018.

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 8.6x.