KRBL Plunges by 6%; BSE 500 Index Up 0.3%
March 24, 2020 10:07 AM

KRBL share price has plunged 6% and is presently trading at Rs 144.

Meanwhile, the BSE 500 Index is at 10,374 (up 0.3%).

Among the top losers in the BSE 500 Index today are KRBL (down 6.5%) and MAH. SCOOTERS (down 10.0%).

CRISIL (up 8.2%) and INFOSYS (up 7.8%) are among the top gainers today.

Over the last one year, KRBL has moved down from Rs 346 to Rs 144, registering a loss of Rs 202 (down 58.4%)..

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 274.2%), ABBOTT INDIA (up 79.1%) and NAVIN FLUORINE (up 57.1%).

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 0.6%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 7.8%). The most traded stocks in the BSE Sensex are ONGC and RELIANCE IND..

In the meantime, NSE Nifty is at 8,037 (down 0.2%). INFOSYS (up 7.0%) and HUL (up 6.0%) 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 30.86%).

KRBL Financial Update...

KRBL net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 42.0% to Rs 13.3 billion during the period as against Rs 9.4 billion in October-December 2018.

For the year ended March 2019, KRBL reported 15.8% increase in net profit to Rs 5.0 billion compared to net profit of Rs 4.3 billion during FY18.

Revenue of the company grew 26.9% to Rs 41 billion during FY19.

The current Price to earnings ratio of KRBL, based on rolling 12 month earnings, stands at 5.5x.