SHRIRAM CITY UNION Share Price Down by 6%; BSE 500 Index Down 1.5%
Wed, 25 Nov 03:34 PM

SHRIRAM CITY UNION share price has plunged 6% and is presently trading at Rs 1,133.

Meanwhile, the BSE 500 Index is at 17,134 (down 1.5%).

Among the top losers in the BSE 500 Index today are SHRIRAM CITY UNION (down 5.8%) and L&T INFOTECH (down 6.4%).

INDIAN OVERSEAS BANK (up 8.2%) and RELIANCE CAPITAL (up 7.6%) are among the top gainers today.

Over the last one year, SHRIRAM CITY UNION has moved down from Rs 1,333 to Rs 1,133, registering a loss of Rs 200 (down 15.0%)..

The BSE 500 has moved up from 15,555 to 17,134, registering a gain of 1,579 points (up 10.2%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 902.4%), LAURUS LABS (up 322.8%) and DIXON TECHNOLOGIES (up 241.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 44,825 (down 1.6%). The top gainers among the BSE Sensex stocks today are ONGC (up 5.9%). The most traded stocks in the BSE Sensex are ONGC.

In the meantime, NSE Nifty is at 13,146 (down 1.5%). ONGC (up 5.9%) and GAIL (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,889 to 44,825, registering a gain of 3,936 points (up 7.17%).

SHRIRAM CITY UNION Financial Update...

SHRIRAM CITY UNION net profit down at Rs 3 billion for the quarter ended June 2019, compared to a loss of Rs 3 billion a year ago. Net Sales rose 3.7% to Rs 14.9 billion during the period as against Rs 14.4 billion in April-June 2018.

For the year ended March 2018, SHRIRAM CITY UNION reported 18.7% increase in net profit to Rs 6.9 billion compared to net profit of Rs 5.8 billion during FY17.

Revenue of the company grew 13.8% to Rs 54 billion during FY18.

The current Price to earnings ratio of SHRIRAM CITY UNION, based on rolling 12 month earnings, stands at 8.6x.



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Stock Market Updates

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After opening the day on a positive note, Indian share markets witnessed heavy selling pressure during closing hours, pausing the record rally, following broad-based selling.

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