CARE RATING Plunges by 11%; BSE 500 Index Up 0.4%
March 26, 2020 09:28 AM

CARE RATING share price has plunged 11% and is presently trading at Rs 275.

Meanwhile, the BSE 500 Index is at 10,849 (up 0.4%).

Among the top losers in the BSE 500 Index today is CARE RATING (down 10.5%).

FDC LTD. (up 10.7%) and SUN PHARMA ADV. RES. (up 10.4%) are among the top gainers today.

Over the last one year, CARE RATING has moved down from Rs 989 to Rs 275, registering a loss of Rs 714 (down 72.2%)..

The BSE 500 has moved down from 14,917 to 10,849, loss of 4,068 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 338.8%), ABBOTT INDIA (up 91.7%) and NAVIN FLUORINE (up 61.2%).

What About the Benchmark Indices?

The BSE Sensex is at 29,084 (up 0.6%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.0%). The most traded stocks in the BSE Sensex are ICICI BANK and INDUSIND BANK.

In the meantime, NSE Nifty is at 8,461 (up 1.0%). INDUSIND BANK (up 10.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 29,084, registering a loss of 8,725 points (down 24.08%).

CARE RATING Financial Update...

CARE RATING net profit down at Rs 176 million for the quarter ended December 2019, compared to a loss of Rs 307 million a year ago. Net Sales declined 23.0% to Rs 561.0 million during the period as against Rs 729.0 million in October-December 2018.

For the year ended March 2019, CARE RATING reported 15.0% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.6 billion during FY18.

Revenue of the company grew 4.1% to Rs 3 billion during FY19.

The current Price to earnings ratio of CARE RATING, based on rolling 12 month earnings, stands at 6.8x.