SHRIRAM TRANSPORT Plunges by 5%; BSE 500 Index Up 0.2%
March 18, 2020 09:36 AM

SHRIRAM TRANSPORT share price has plunged 5% and is presently trading at Rs 800.

Meanwhile, the BSE 500 Index is at 11,951 (up 0.2%).

Among the top losers in the BSE 500 Index today are SHRIRAM TRANSPORT (down 5.0%) and KPR MILL (down 8.2%).

YES BANK (up 32.9%) and ZEE ENTERTAINMENT (up 7.9%) are among the top gainers today.

Over the last one year, SHRIRAM TRANSPORT has moved down from Rs 1,237 to Rs 800, registering a loss of Rs 437 (down 35.3%)..

The BSE 500 has moved down from 15,069 to 11,951, loss of 3,118 points (down 20.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 238.4%), ABBOTT INDIA (up 104.8%) and NAVIN FLUORINE (up 87.5%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (up 0.3%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 3.6%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 9,128 (down 0.2%). YES BANK (up 45.3%) and ZEE ENTERTAINMENT (up 7.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 19.48%).

SHRIRAM TRANSPORT Financial Update...

SHRIRAM TRANSPORT net profit stood at Rs 8 billion for the quarter ended September 2019, compared to a profit of Rs 6 billion a year ago. Net Sales rose 5.7% to Rs 42.2 billion during the period as against Rs 39.9 billion in July-September 2018.

For the year ended March 2019, SHRIRAM TRANSPORT reported 5.8% increase in net profit to Rs 25.6 billion compared to net profit of Rs 24.2 billion during FY18.

Revenue of the company grew 16.6% to Rs 154 billion during FY19.

The current Price to earnings ratio of SHRIRAM TRANSPORT, based on rolling 12 month earnings, stands at 6.0x.