SHRIRAM TRANSPORT Plunges by 6%; BSE 500 Index Down 0.8%
May 22, 2020 12:01 PM

SHRIRAM TRANSPORT share price has plunged 6% and is presently trading at Rs 584.

Meanwhile, the BSE 500 Index is at 11,905 (down 0.8%).

Among the top losers in the BSE 500 Index today are SHRIRAM TRANSPORT (down 5.7%) and TCI EXPRESS LTD (down 6.0%).

NIIT TECHNOLOGIES (up 7.8%) and GSK CONSUMER (up 5.1%) are among the top gainers today.

Over the last one year, SHRIRAM TRANSPORT has moved down from Rs 1,086 to Rs 584, registering a loss of Rs 502 (down 46.2%)..

The BSE 500 has moved down from 15,157 to 11,905, loss of 3,252 points (down 21.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 437.4%), NAVIN FLUORINE (up 116.8%) and ABBOTT INDIA (up 114.4%).

What About the Benchmark Indices?

The BSE Sensex is at 31,108 (down 1.0%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.8%). The most traded stocks in the BSE Sensex are INFOSYS and ASIAN PAINTS.

In the meantime, NSE Nifty is at 9,150 (down 1.0%). ZEE ENTERTAINMENT (up 3.3%) and INFOSYS (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,970 to 31,108, registering a loss of 7,862 points (down 21.38%).

SHRIRAM TRANSPORT Financial Update...

SHRIRAM TRANSPORT net profit stood at Rs 8 billion for the quarter ended September 2019, compared to a profit of Rs 6 billion a year ago. Net Sales rose 5.7% to Rs 42.2 billion during the period as against Rs 39.9 billion in July-September 2018.

For the year ended March 2019, SHRIRAM TRANSPORT reported 5.8% increase in net profit to Rs 25.6 billion compared to net profit of Rs 24.2 billion during FY18.

Revenue of the company grew 16.6% to Rs 154 billion during FY19.

The current Price to earnings ratio of SHRIRAM TRANSPORT, based on rolling 12 month earnings, stands at 4.4x.