M&M FINANCIAL SERVICES Plunges by 10%; BSE 500 Index Down 6.6%

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

M&M FINANCIAL SERVICES Plunges by 10%; BSE 500 Index Down 6.6%
Thu, 19 Mar 09:57 AM

M&M FINANCIAL SERVICES share price has plunged 10% and is presently trading at Rs 213.

Meanwhile, the BSE 500 Index is at 10,739 (down 6.6%).

Among the top losers in the BSE 500 Index today are M&M FINANCIAL SERVICES (down 10.0%) and BAJAJ FINANCE (down 15.1%).

SUPREME PETR (up 6.8%) and GRUH FINANCE (up 3.7%) are among the top gainers today.

Over the last one year, M&M FINANCIAL SERVICES has moved down from Rs 429 to Rs 213, registering a loss of Rs 216 (down 50.3%)..

The BSE 500 has moved down from 15,069 to 10,739, loss of 4,330 points (down 28.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 247.5%), ABBOTT INDIA (up 79.6%) and GUJARAT GAS (up 51.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.6%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 3.2%) and NTPC (up 1.2%). The most traded stocks in the BSE Sensex are NTPC and POWER GRID.

In the meantime, NSE Nifty is at 8,099 (down 6.4%). POWER GRID (up 3.1%) and NTPC (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 29.24%).

M&M FINANCIAL SERVICES Financial Update...

M&M FINANCIAL SERVICES net profit down at Rs 3 billion for the quarter ended September 2019, compared to a loss of Rs 3 billion a year ago. Net Sales rose 11.9% to Rs 24.9 billion during the period as against Rs 22.2 billion in July-September 2018.

For the year ended March 2019, M&M FINANCIAL SERVICES reported 53.5% increase in net profit to Rs 18.2 billion compared to net profit of Rs 11.9 billion during FY18.

Revenue of the company grew 31.1% to Rs 100 billion during FY19.

The current Price to earnings ratio of M&M FINANCIAL SERVICES, based on rolling 12 month earnings, stands at 10.3x.

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Stock Market Updates

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

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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.

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Apr 3, 2020 03:33 PM

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