SKF INDIA Plunges by 6%; BSE 500 Index Down 4.0%

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Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

SKF INDIA Plunges by 6%; BSE 500 Index Down 4.0%
Wed, 18 Mar 12:56 PM

SKF INDIA share price has plunged 6% and is presently trading at Rs 1,691.

Meanwhile, the BSE 500 Index is at 11,951 (down 4.0%).

Among the top losers in the BSE 500 Index today are SKF INDIA (down 6.0%) and SHREE CEMENT (down 5.7%).

ZEE ENTERTAINMENT (up 9.8%) and JET AIRWAYS (up 4.9%) are among the top gainers today.

Over the last one year, SKF INDIA has moved down from Rs 1,918 to Rs 1,691, registering a loss of Rs 227 (down 11.8%)..

The BSE 500 has moved down from 15,069 to 11,951, loss of 3,118 points (down 20.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 238.7%), ABBOTT INDIA (up 92.1%) and NAVIN FLUORINE (up 68.7%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 3.8%). The top gainers among the BSE Sensex stocks today are TCS (up 1.5%), INFOSYS (up 1.0%) and ITC (up 0.8%). Other gainer include TECH MAHINDRA (up 0.3%). The most traded stocks in the BSE Sensex are INFOSYS and ITC.

In the meantime, NSE Nifty is at 9,128 (down 4.0%). ZEE ENTERTAINMENT (up 9.1%) and YES BANK (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 22.77%).

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 26.7x.

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Stock Market Updates

Sensex Ends 674 Points Lower; Banking and Finance Stocks Witness Selling (Today's Market)

Apr 3, 2020 Closing

Indian share markets witnessed selling pressure throughout the day and ended lower. Investors were worried about the economic impact and uncertainty over the coronavirus pandemic.

NOCIL Plunges by 5%; BSE 500 Index Down 1.8% (Today's Market)

Apr 3, 2020 03:33 PM

NOCIL share price has plunged by 5% and its current market price is Rs 68. The BSE 500 is down by 1.8%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 13.9%) and LUPIN (up 13.4%). The top losers are NOCIL (down 5.2%) and 3M INDIA (down 5.0%).

INDIAN ENERGY EXCHANGE LTD Surges by 5%; BSE POWER Index Down 0.3% (Today's Market)

Apr 3, 2020 03:31 PM

INDIAN ENERGY EXCHANGE LTD share price has surged by 5% and its current market price is Rs 137. The BSE POWER is down by 0.3%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE LTD (up 5.4%) and RELIANCE INFRA (up 5.0%). The top losers are KALPATARU POWER (down 0.1%) and TORRENT POWER LTD (down 0.3%).

LIC HOUSING Plunges by 5%; BSE 500 Index Down 1.8% (Today's Market)

Apr 3, 2020 03:27 PM

LIC HOUSING share price has plunged by 5% and its current market price is Rs 234. The BSE 500 is down by 1.8%. The top gainers in the BSE 500 Index are LUPIN (up 14.0%) and RAJESH EXPORTS (up 11.7%). The top losers are LIC HOUSING (down 5.2%) and MARUTI SUZUKI (down 5.4%).

AJANTA PHARMA Plunges by 5%; BSE HEALTHCARE Index Up 3.5% (Today's Market)

Apr 3, 2020 03:27 PM

AJANTA PHARMA share price has plunged by 5% and its current market price is Rs 1,414. The BSE HEALTHCARE is up by 3.5%. The top gainers in the BSE HEALTHCARE Index are LUPIN (up 14.0%) and SUN PHARMA (up 9.4%). The top losers are AJANTA PHARMA (down 5.1%) and STRIDES PHARMA SCIENCE (down 5.3%).

PERSISTENT SYSTEMS Plunges by 7%; BSE IT Index Down 2.7% (Today's Market)

Apr 3, 2020 03:25 PM

PERSISTENT SYSTEMS share price has plunged by 7% and its current market price is Rs 545. The BSE IT is down by 2.7%. The top gainers in the BSE IT Index are ORACLE FINANCIAL (up 5.0%) and ECLERX SERVICES (up 3.0%). The top losers are PERSISTENT SYSTEMS (down 7.0%) and L&T TECHONOLOGY (down 6.0%).

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