SHRIRAM CITY UNION Plunges by 9%; BSE 500 Index Up 0.6%
March 24, 2020 09:43 AM

SHRIRAM CITY UNION share price has plunged 9% and is presently trading at Rs 997.

Meanwhile, the BSE 500 Index is at 10,374 (up 0.6%).

Among the top losers in the BSE 500 Index today are SHRIRAM CITY UNION (down 9.0%) and WABCO INDIA (down 6.2%).

CRISIL (up 7.6%) and GMDC (up 7.2%) are among the top gainers today.

Over the last one year, SHRIRAM CITY UNION has moved down from Rs 1,785 to Rs 997, registering a loss of Rs 788 (down 44.2%)..

The BSE 500 has moved down from 14,917 to 10,374, loss of 4,543 points (down 30.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 265.9%), ABBOTT INDIA (up 85.0%) and NAVIN FLUORINE (up 56.3%).

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 0.8%). The top gainers among the BSE Sensex stocks today are HUL (up 5.5%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 1.4%). INFOSYS (up 7.5%) and HUL (up 6.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 30.73%).

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 7.7x.