BAJAJ AUTO Surges by 6%; BSE AUTO Index Up 2.9%
March 20, 2020 09:30 AM

BAJAJ AUTO share price has zoomed 6% and is presently trading at Rs 2,288.

Meanwhile, the BSE AUTO Index is at 12,054 (up 2.9%).

Among the top Gainers in the BSE AUTO Index today is BAJAJ AUTO (up 5.6%).

ASHOK LEYLAND (down 6.1%) is among the top loser today.

Over the last one year, BAJAJ AUTO has moved down from Rs 2,980 to Rs 2,288, registering a loss of Rs 692 (down 23.2%).

On the other hand, the BSE AUTO has moved down from 19,311 to 12,054, loss of 7,257 points (down 37.6%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were MRF LTD. (up 3.1%).

What About the Benchmark Indices?

The BSE Sensex is at 28,800 (up 1.8%).

The top gainers among the BSE Sensex stocks today are ONGC (up 5.7%), POWER GRID (up 5.6%) and BAJAJ AUTO (up 5.6%). Other gainers include ITC (up 5.2%) and SUN PHARMA (up 5.1%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,441 (up 1.9%). The top gainers in the NSE Nifty include GAIL (up 7.9%), YES BANK (up 6.1%) and POWER GRID (up 5.6%). Other gainers include ONGC (up 5.6%) and JSW STEEL (up 5.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,363 to 28,800, registering a loss of 9,563 points (down 24.94%).

BAJAJ AUTO Financial Update...

BAJAJ AUTO net profit stood at Rs 13 billion for the quarter ended December 2019, compared to a profit of Rs 11 billion a year ago. Net Sales rose 3.1% to Rs 76.4 billion during the period as against Rs 74.1 billion in October-December 2018.

For the year ended March 2019, BAJAJ AUTO reported 7.9% increase in net profit to Rs 45.9 billion compared to net profit of Rs 42.5 billion during FY18.

Revenue of the company grew 18.1% to Rs 303 billion during FY19.

The current Price to earnings ratio of BAJAJ AUTO, based on rolling 12 month earnings, stands at 13.3x.