M&M Surges by 5%; BSE AUTO Index Up 4.9%

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M&M Surges by 5%; BSE AUTO Index Up 4.9%
Thu, 30 Apr 09:43 AM

M&M share price has zoomed 5% and is presently trading at Rs 367.

Meanwhile, the BSE AUTO Index is at 13,255 (up 4.9%).

Among the top Gainers in the BSE AUTO Index today are M&M (up 5.2%) and MARUTI SUZUKI (up 6.2%).

CUMMINS INDIA (down 0.8%) is among the top loser today.

Over the last one year, M&M has moved down from Rs 645 to Rs 367, registering a loss of Rs 279 (down 43.3%).

On the other hand, the BSE AUTO has moved down from 18,839 to 13,255, loss of 5,584 points (down 29.8%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were MRF LTD. (up 13.5%) and BALKRISHNA INDUSTRIES (up 8.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 33,623 (up 2.8%).

The top gainers among the BSE Sensex stocks today are MARUTI SUZUKI (up 6.2%), M&M (up 5.2%) and ICICI BANK (up 5.1%). Other gainers include INFOSYS (up 5.0%) and TATA STEEL (up 4.6%). The most traded stocks in the BSE Sensex are POWER GRID and SBI.

In the meantime, NSE Nifty is at 9,816 (up 2.6%). The top gainers in the NSE Nifty include TATA MOTORS (up 11.1%), INFOSYS (up 5.7%) and MARUTI SUZUKI (up 5.5%). Other gainers include VEDANTA LTD (up 5.2%) and M&M (up 5.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,032 to 33,623, registering a loss of 5,409 points (down 13.86%).

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 8.5x.

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

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Mar 5, 2021 09:20 AM