SHRIRAM CITY UNION Plunges by 7%; BSE 500 Index Down 0.3%
March 20, 2020 09:50 AM

SHRIRAM CITY UNION share price has plunged 7% and is presently trading at Rs 990.

Meanwhile, the BSE 500 Index is at 11,026 (down 0.3%).

Among the top losers in the BSE 500 Index today are SHRIRAM CITY UNION (down 6.7%) and V-MART RETAIL (down 9.3%).

DEEPAK FERTILISERS (up 12.7%) and IPCA LABS (up 12.6%) are among the top gainers today.

Over the last one year, SHRIRAM CITY UNION has moved down from Rs 1,795 to Rs 990, registering a loss of Rs 805 (down 44.8%)..

The BSE 500 has moved down from 15,161 to 11,026, loss of 4,135 points (down 27.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 278.4%), ABBOTT INDIA (up 81.2%) and NAVIN FLUORINE (up 64.7%).

What About the Benchmark Indices?

The BSE Sensex is at 28,861 (down 0.8%). The top gainers among the BSE Sensex stocks today are ITC (up 7.1%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,441 (down 0.3%). GAIL (up 7.5%) and ITC (up 6.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,363 to 28,861, registering a loss of 9,502 points (down 26.82%).

SHRIRAM CITY UNION Financial Update...

SHRIRAM CITY UNION net profit down at Rs 3 billion for the quarter ended June 2019, compared to a loss of Rs 3 billion a year ago. Net Sales rose 3.7% to Rs 14.9 billion during the period as against Rs 14.4 billion in April-June 2018.

For the year ended March 2018, SHRIRAM CITY UNION reported 18.7% increase in net profit to Rs 6.9 billion compared to net profit of Rs 5.8 billion during FY17.

Revenue of the company grew 13.8% to Rs 54 billion during FY18.

The current Price to earnings ratio of SHRIRAM CITY UNION, based on rolling 12 month earnings, stands at 8.0x.