M&M at All Time High; BSE AUTO Index Up 0.6%

M&M share price has hit an all-time high at Rs 945 (up 1.3%).

Meanwhile, the BSE AUTO Index is at 24,370 (up 0.6%).

Among the top gainers in the BSE AUTO Index today are M&M (up 1.3%) and EICHER MOTOR (up 0.7%).

BOSCH LTD (down 0.6%) and MRF LTD. (down 1.9%) are among the top losers today.

Over the last one year, M&M has moved up from Rs 700 to Rs 945, registering a gain of Rs 245 (up 35.1%).

The BSE AUTO has moved down from 24,838 to 24,370, loss of 468 points (down 1.9%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were M&M (up 35.1%), EXIDE INDUSTRIES (up 28.0%) and MARUTI SUZUKI (up 19.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,849 (up 0.4%). The top gainers among the BSE Sensex stocks today are HIND. UNILEVER (up 1.7%), M&M (up 1.3%) and YES BANK (up 1.0%). Other gainers include KOTAK MAH. BANK (up 1.0%) and SUN PHARMA (up 0.9%). The most traded stocks in the BSE Sensex are SBI and HDFC BANK.

In the meantime, NSE Nifty is at 11,423 (up 0.3%). The top gainers in the NSE Nifty include HINDALCO (up 1.2%), INFOSYS LTD (up 1.0%) and M&M (up 0.9%). Other gainers include NTPC 7.37% 3A 5-10-2035 BOND (up 0.9%) and UPL LIMITED (up 0.9%).

Over the last 12 months, the BSE Sensex has moved up from 32,274 to 37,849, registering a gain of 5,575 points (up 17.3%).

M&M Financial Update...

M&M net profit down at Rs 11 billion for the quarter ended March 2018, compared to a loss of Rs 12 billion a year ago. Net Sales rose 14.9% to Rs 133.1 billion during the period as against Rs 115.8 billion in January-March 2017.

For the year ended March 2018, M&M reported 56.2% increase in net profit to Rs 42.2 billion compared to net profit of Rs 27.0 billion during FY17.

Revenue of the company grew 4.8% to Rs 933 billion during FY18.

The current Price to earnings ratio of M&M, based on rolling 12 month earnings, stands at 26.9x.

This article was originally published in English at www.equitymaster.com

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