Shares of Bajaj Auto fell as much 3.51 per cent at Rs 11,475 per share on the BSE in Tuesday's intraday trade
Analysts are optimistic about major revenue growth for Bajaj Auto, driven by robust volume increases and effective pricing strategies.
There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.
With over 40,000 EVs, Yulu's revenues and users have increased more than sevenfold over the last 24 months
Thus far in calendar year 2024, the BSE Auto index has surged 46 per cent, compared to the 18 per cent rally in BSE Sensex.
Sharma talks about Bajaj's mega electric vehicle play
Derivatives market update for Sept 13: Data shows FIIs added fresh longs in Nifty futures, while covering some shorts in Bank Nifty; Retail, DIIs up short bets. Analysts upbeat on near-term outlook.
With rural recovery expected widely, the festive season is expected to further boost the performance of tw-wheeler players this year.
Derivatives market update for Sept 12: Among individual stocks, Page Industries saw long buildup, while Aarti Industries and Tata Motors saw positions added on the short side of trade.
Unicorn's sales swelled 117.6 per cent Y-o-Y to 163,090 units in the January-July period this year, making it the ninth best-selling motorcycle model in the country
No plans to retire soon, says Bajaj Auto Managing Director Rajiv Bajaj
Thus far in the calendar year 2024, Bajaj Auto has outperformed the market by surging 50 per cent, as against 12 per cent rise in the BSE Sensex.
Most companies still have DVA certificates pending or under review by MHI
Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual fund. The company invests its surplus funds into a range of asset classes, including debt mutual funds. It was making accounting provisions for deferred tax as per applicable law on fair value gains on these investments, Bajaj Auto said in a regulatory filing. A one-time impact will be made while computing the profit after tax, and reporting the financial results for Q2 of FY25, it added. Bajaj Auto said the Finance (No 2) Act 2024 withdraws the indexation benefit on long-term capital gains on debt mutual funds purchased before 1 April 2023. "Further, the tax rate with respect to long-term capital gains for the said asset class has been changed from 20 per cent plus surcharge and cess (with indexation) to 12.5 per cent plus surcharge and cess (without indexation)," it ..
Analysts believe, Indian textiles companies are likely to benefit from the Bangladesh turmoil, while that of FMCG and auto may take a hit. Here's a technical outlook on key stocks from these sectors.
Auto stocks update: The overall wholesale volume performance was subdued in July 2024 with some segments like PV, CV and select two-wheeler players' volume reporting weak sales volume.
Nifty 20K-25K top movers: Bajaj Auto has zoomed 100% since Nifty hit 20K on September 11, 2023. BPCL, Coal India, Mahindra & Mahindra, ONGC, Tata Motors and Hero MotoCorp other major Nifty 50 gainers.
The volume push was led by Bajaj, which saw its vehicle registrations go up by a staggering 79 per cent to hit 16,269 in July over the previous month
Bajaj Freedom, a sports motorcycle with a 124 cubic capacity engine, was launched earlier this month with a starting price of Rs 95,000
The company expects to outperform the 7-8 per cent growth in the domestic 2W industry on the back of growth in the 125cc+ segment and the launch of CNG motorcycle 'Freedom 125'