M&M Plunges by 5%; BSE AUTO Index Up 2.8%

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M&M Plunges by 5%; BSE AUTO Index Up 2.8%
Tue, 24 Mar 02:53 PM

M&M share price has plunged 5% and is presently trading at Rs 308.

Meanwhile, the BSE AUTO Index is at 11,030 (up 2.8%).

Among the top losers in the BSE AUTO Index today is M&M (down 5.0%).

MOTHERSON SUMI (up 7.7%) and MARUTI SUZUKI (up 6.2%) are among the top gainers today.

Over the last one year, M&M has moved down from Rs 664 to Rs 308, registering a loss of Rs 356 (down 53.6%)..

The BSE AUTO has moved down from 18,589 to 11,030, loss of 7,559 points (down 40.7%) during the last 12 months.

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 4.3%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 11.1%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 4.4%). BRITANNIA (up 12.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 28.33%).

M&M Financial Update...

M&M net profit down at Rs 3 billion for the quarter ended December 2019, compared to a loss of Rs 11 billion a year ago. Net Sales declined 5.5% to Rs 123.5 billion during the period as against Rs 130.7 billion in October-December 2018.

For the year ended March 2019, M&M reported 4.8% increase in net profit to Rs 44.3 billion compared to net profit of Rs 42.2 billion during FY18.

Revenue of the company grew 12.3% to Rs 1,047 billion during FY19.

The current Price to earnings ratio of M&M, based on rolling 12 month earnings, stands at 6.5x.

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