TECH MAHINDRA at 52 Week High; BSE 500 Index Flat

TECH MAHINDRA share price has hit a 52-week high at Rs 747 (up 1.0%).

Meanwhile, the BSE 500 Index is at 15,870 (up 0.4%).

Among the top gainers in the BSE 500 Index today are TECH MAHINDRA (up 1.0%) and CHAMBAL FERTILISERS (up 6.8%).

EVEREADY IND. (down 6.3%) and TECHNO ELECTRIC (down 5.2%) are among the top losers today.

Over the last one year, TECH MAHINDRA has moved up from Rs 428 to Rs 747, registering a gain of Rs 320 (up 74.30%).

The BSE 500 has moved up from 13,721 to 15,870, registering a gain of 2,149 points (up 15.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 608.1%), GRAPHITE INDIA (up 296.9%) and INDIABULLS VENTURES (up 285.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,892 (up 0.5%). The top gainers among the BSE Sensex stocks today are NTPC (up 2.2%), BHARTI AIRTEL (up 1.5%) and COAL INDIA (up 1.3%). Other gainers include VEDANTA LTD (up 1.2%) and KOTAK MAH. BANK (up 1.1%). The most traded stocks in the BSE Sensex are ITC LTD and ICICI BANK.

In the meantime, NSE Nifty is at 11,751 (up 0.5%). NTPC (up 2.2%) and GAIL (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,751 to 38,892, registering a gain of 7,141 points (up 22.4%).

TECH MAHINDRA Financial Update...

TECH MAHINDRA net profit down at Rs 9 billion for the quarter ended June 2018, compared to a loss of Rs 9 billion a year ago. Net Sales rose 6.4% to Rs 82.8 billion during the period as against Rs 77.8 billion in April-June 2017.

For the year ended March 2018, TECH MAHINDRA reported 32.7% increase in net profit to Rs 37.9 billion compared to net profit of Rs 28.5 billion during FY17.

Revenue of the company grew 5.6% to Rs 308 billion during FY18.

The current Price to earnings ratio of TECH MAHINDRA, based on rolling 12 month earnings, stands at 16.9x.

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

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