SKF INDIA Plunges by 6%; BSE 500 Index Down 4.0%
March 18, 2020 12:56 PM

SKF INDIA share price has plunged 6% and is presently trading at Rs 1,691.

Meanwhile, the BSE 500 Index is at 11,951 (down 4.0%).

Among the top losers in the BSE 500 Index today are SKF INDIA (down 6.0%) and SHREE CEMENT (down 5.7%).

ZEE ENTERTAINMENT (up 9.8%) and JET AIRWAYS (up 4.9%) are among the top gainers today.

Over the last one year, SKF INDIA has moved down from Rs 1,918 to Rs 1,691, registering a loss of Rs 227 (down 11.8%)..

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 238.7%), ABBOTT INDIA (up 92.1%) and NAVIN FLUORINE (up 68.7%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 3.8%). The top gainers among the BSE Sensex stocks today are TCS (up 1.5%), INFOSYS (up 1.0%) and ITC (up 0.8%). Other gainer include TECH MAHINDRA (up 0.3%). The most traded stocks in the BSE Sensex are INFOSYS and ITC.

In the meantime, NSE Nifty is at 9,128 (down 4.0%). ZEE ENTERTAINMENT (up 9.1%) and YES BANK (up 3.4%) 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 22.77%).

SKF INDIA Financial Update...

SKF INDIA net profit down at Rs 512 million for the quarter ended December 2019, compared to a loss of Rs 884 million a year ago. Net Sales declined 7.9% to Rs 7.1 billion during the period as against Rs 7.7 billion in October-December 2018.

For the year ended March 2019, SKF INDIA reported 13.5% increase in net profit to Rs 3.4 billion compared to net profit of Rs 3.0 billion during FY18.

Revenue of the company grew 8.2% to Rs 30 billion during FY19.

The current Price to earnings ratio of SKF INDIA, based on rolling 12 month earnings, stands at 26.7x.