The move will be discussed in the meeting of the board of directors on June 14.
With schools/colleges opening in June 2022, there will be improvements in the footfalls in dealerships, according to analysts.
The Bajaj and HDFC twins can rally up to 8 per cent provided the stocks manage to sustain above the following key technical levels on the daily and weekly charts.
Shares of Bajaj Auto Ltd on Monday fell by nearly 3 per cent after the company reported a 20 per cent decline in total sales in April
As of 06:50 AM, the SGX Nifty April futures quoted at 17,066. According to analysts, the April series has been one of the most volatile series for the Nifty in recent times. The options data.
At the NSE, the stock dipped 2.57 per cent to Rs 3,805 apiece
Guides for a 10-15% impact on Q1 volumes due to chip shortage. It says rising cell prices could retard transition to EVs
In the domestic market, the total sales declined by 27 per cent to 3,89,155 units as against 5,34,119 units in the same period of FY21
Total revenue from operations for the automaker came in at Rs 7,974.84 crore, down 7.2 per cent from Rs 8,596.10 crore in the same quarter last year
CLOSING BELL: Life Insurance Corporation of India (LIC) will come out with its IPO on May 4
Analysts expect revenue to decline by 11-12 per cent year-on-year (YoY) in Q4, marked by decline in volumes and surge in average selling price due to steep price hikes taken over the last few quarters
Hero MotoCorp is the top pick of brokerages
The company is set to launch its range of electric auto rickshaws in June and hopes to replicate its success in ICE three-wheelers
AU Small Finance Bank and Bajaj Auto seem well placed on the technical charts and should be able to witness decent gains in the weeks ahead.
India has recently announced $1-bn line of credit to Sri Lanka to help the country tide over the current economic crisis
Total two-wheelers sales dropped 22 per cent
The Nifty Auto index and the key stocks are trading near significant resistance levels while exhibiting sideways movement, upside breakout could see significant long additions.
Higher exports may offset some of the volume, cost pressure
Closing Bell: The benchmarks were bogged down by Maruti Suzuki, Dr Reddy's Labs, Bajaj Auto, Hero MotoCorp, ICICI Bank, HDFC twins, Eicher Motors, and Sun Pharma
Bajaj Auto on Wednesday reported a 16 per cent drop in its total sales to 3,16,020 units in February. The company had sold 3,75,017 units in February 2021. Domestic sales last month stood at 1,12,747 units as against 1,64,811 units, down 32 per cent, Bajaj Auto said in a regulatory filing. Total two-wheeler sales declined 16 per cent to 2,79,337 units compared to 3,32,563 units in February last year. Total commercial vehicle sales slipped 14 per cent to 36,683 units against 42,454 units in the same month last year, the company said. Exports last month also witnessed a decline of 3 per cent to 2,03,273 units from 2,10,206 units in the corresponding month last year, it added.