SKF INDIA Plunges by 5%; BSE 500 Index Up 0.8%

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SKF INDIA Plunges by 5%; BSE 500 Index Up 0.8%
Tue, 17 Mar 12:36 PM

SKF INDIA share price has plunged 5% and is presently trading at Rs 1,740.

Meanwhile, the BSE 500 Index is at 12,274 (up 0.8%).

Among the top losers in the BSE 500 Index today are SKF INDIA (down 5.1%) and AIA ENGINEERING (down 6.6%).

YES BANK (up 57.4%) and WELSPUN INDIA (up 11.6%) are among the top gainers today.

Over the last one year, SKF INDIA has moved down from Rs 1,918 to Rs 1,740, registering a loss of Rs 178 (down 9.3%)..

The BSE 500 has moved down from 15,069 to 12,274, loss of 2,795 points (down 18.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 231.7%), ABBOTT INDIA (up 102.0%) and NAVIN FLUORINE (up 90.1%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 32,048 (up 0.8%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 7.2%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 9,404 (up 1.2%). YES BANK (up 57.7%) and POWER GRID (up 7.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 32,048, registering a loss of 6,047 points (down 16.93%).

SKF INDIA Financial Update...

SKF INDIA net profit down at Rs 512 million for the quarter ended December 2019, compared to a loss of Rs 884 million a year ago. Net Sales declined 7.9% to Rs 7.1 billion during the period as against Rs 7.7 billion in October-December 2018.

For the year ended March 2019, SKF INDIA reported 13.5% increase in net profit to Rs 3.4 billion compared to net profit of Rs 3.0 billion during FY18.

Revenue of the company grew 8.2% to Rs 30 billion during FY19.

The current Price to earnings ratio of SKF INDIA, based on rolling 12 month earnings, stands at 27.6x.

What else is happening in the markets today? Dig in...

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