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Maruti Suzuki Plunges 4%; BSE AUTO Index Down 2.8%
Thu, 3 Oct 13:56

Maruti Suzuki Plunges 4%; BSE AUTO Index Down 2.8%Image source: bluebay2014/www.istockphoto.com

Maruti Suzuki share price has plunged 4% and is presently trading at Rs 12,667.3.

Meanwhile, the BSE AUTO index is at 59,523.9 (down 2.8%).

Among the top losers in the BSE AUTO index today are Cummins India (down 4.9%) and TUBE INVESTMENTS OF INDIA (down 4.0%).

Over the last one year, Maruti Suzuki has moved up from Rs 10,340.9 to Rs 12,667.3, registering a gain of Rs 2,326.4 (up 22.5%).

On the other hand, the BSE AUTO index has moved up from 36,184.1 to 59,523.9, registering a gain of 64.5% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 136.7%), Cummins India (up 119.6%) and Motherson Sumi (up 111.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,557.8 (down 2.0%).

The top losers among the BSE Sensex today are Asian Paints (down 4.4%) and L&T (down 4.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..

In the meantime, NSE Nifty is at 25,255.2 (down 2.1%). BPCL and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,557.8, registering a gain of 17,045.7 points (up 26.0%).

Maruti Suzuki Financial Update...

Maruti Suzuki net profit grew 49.2% YoY to Rs 37,021 million for the quarter ended June 2024, compared to a profit of Rs 24,807 million a year ago. Net sales rose 10.0% to Rs 357,794 million during the period as against Rs 325,348 million in April-June 2023.

For the year ended March 2024, Maruti Suzuki reported 63.2% increase in net profit to Rs 134,882 million compared to net profit of Rs 82,637 million during FY23. Revenue of the company grew 19.8% to Rs 1,418,582 million during FY24.

The current Price to earnings ratio of Maruti Suzuki, based on rolling 12 month earnings, stands at 27.6.


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