More pain may be left for auto stocks after $42 billion loss
5 years, 8 months ago

More pain may be left for auto stocks after $42 billion loss

Live Mint  

India’s auto stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over. A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the worst-performer among 19 sector indexes in the nation’s equity market this year. A slowdown in consumption amid a cash crunch in the banking system has left carmakers with a pile of unsold vehicles in what was one of the world’s fastest-growing auto market until last year. “Most companies in the sector have further earnings risks due to weaker-than-expected demand.” Passenger vehicle growth in the financial year ended March was the slowest since 2014, according to the Society of Indian Automobile Manufacturers. Only two of the 16 companies on the S&P BSE Auto Index have held their heads above water this year: Tata Motors Ltd., the maker of Jaguar Land Rover, rebounded last month after declining to its lowest level since 2011 in February.

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History of this topic

Stock market opening bell: Sensex surges around 300 points, Nifty over 24,000 amid positive global cues
3 days, 11 hours ago

Stock market opening bell: Sensex surges around 300 points, Nifty over 24,000 amid positive global cues

India TV News  

Stock market: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. Kotak Mahindra Bank again emerged as the largest loser, down by 1.25%, followed by Tata Steel, BPCL, Power Grid Corporation, and IndusInd Bank. Rupee against dollar Meanwhile, he rupee turned flat at 85.79 against the US dollar in early trade on Monday as positive …

Bears Back in Action, Sensex Tumbles 720 Pts, Nifty Down 200 Pts
5 days, 16 hours ago

Bears Back in Action, Sensex Tumbles 720 Pts, Nifty Down 200 Pts

Deccan Chronicle  

Mumbai: The Indian benchmark indices broke its two-day run to end lower on Friday, the third trading day of 2025. The benchmark BSE Sensex lost 720.60 points or 0.90 per cent to close at 79,223.11, while the broader Nifty 50 index closed at 24,004.75, lower by 183.90 points or 0.76 per cent as investors sold banking and IT stocks ahead …

Financials, autos power India’s benchmarks to best session in six weeks
1 week ago

Financials, autos power India’s benchmarks to best session in six weeks

Live Mint  

By Bharath Rajeswaran and Indranil Sarkar Jan 2 - India's benchmarks logged their best session in six weeks on Thursday, led by financials and autos on expectations of a pickup in corporate earnings, with IT firm Infosys propping up gains after a brokerage forecast a hike in its revenue growth projections. The Nifty 50 rose 1.88% to 24,188.65, while the …

Sensex, Nifty surge nearly 2% as auto stocks drive Dalal Street rally
1 week ago

Sensex, Nifty surge nearly 2% as auto stocks drive Dalal Street rally

India Today  

Benchmark stock market indices closed with strong gains on Thursday, as the benchmark indices Sensex and Nifty rallied nearly 2%, driven by robust performance in the Auto, financial and IT sectors. Auto stocks led the rally following upbeat December sales data, with leading players like Maruti Suzuki and Mahindra & Mahindra reporting strong demand for SUVs and year-end discounts. Likely …

Explained: Why Bajaj Finance share price gained 4% in early trade
1 week ago

Explained: Why Bajaj Finance share price gained 4% in early trade

India Today  

Bajaj Finance shares surged 4% in early trading on the Bombay Stock Exchange, hitting an intraday high of Rs 7,199. The rally in Bajaj Finance shares comes after global brokerage Citi maintained a bullish outlook, reportedly reiterating a ‘Buy’ rating with a target price of Rs 8,150. Bajaj Finance’s recent financial performance has been robust. It may b noted that …

Automakers drive India’s blue-chips higher in first session of 2025
1 week, 1 day ago

Automakers drive India’s blue-chips higher in first session of 2025

Live Mint  

By Bharath Rajeswaran Jan 1 - India's benchmark indexes rose on the first day of 2025, led by auto stocks that were boosted by a rise in monthly sales for top carmaker Maruti Suzuki and peer Mahindra & Mahindra. India's blue-chip indexes rose to record highs early in 2024 but slowing corporate earnings and an exodus of foreign funds curtailed …

Sensex jumps over 600 points: 2 reasons why stock market is rising today
1 week, 1 day ago

Sensex jumps over 600 points: 2 reasons why stock market is rising today

India Today  

Benchmark stock market indices erased the losses made in early trade and witnessed a rally in the afternoon session on the first trading day of 2025 as Sensex gained over 600 poinst whereas Nifty managed to jum over 200 points. The stock market rally was fuelled by a rise in auto, banking, media and FMCG sector stocks which helped both …

Sensex, Nifty decline in early trade on New Year's eve, dragged down by IT stocks | Market updates
1 week, 2 days ago

Sensex, Nifty decline in early trade on New Year's eve, dragged down by IT stocks | Market updates

Hindustan Times  

The stock market opened deep into the red on Tuesday, December 31, continuing the fall seen towards the later part of Monday's trading session. People walk past the Bombay Stock Exchange building in Mumbai, India, March 9, 2020 At 9:30am, the benchmark BSE Sensex was down by a huge 401.40 points or 0.51%, reaching 77,846.73. Among the 30 Sensex stocks, …

Auto, IT drag India’s benchmark indexes lower
1 week, 3 days ago

Auto, IT drag India’s benchmark indexes lower

Live Mint  

By Bharath Rajeswaran Dec 30 - India's benchmark indexes fell marginally at the start of the week, dragged by information technology and auto stocks, in thin volume trade ahead of the end of 2024. "Persistent concerns such as sustained foreign institutional investor outflows, diminishing expectations of U.S. rate cuts in 2025 and a lack of major domestic triggers amid the …

Stock markets continue to decline, Sensex ends 1,200 points lower, Nifty slips 364 points
2 weeks, 6 days ago

Stock markets continue to decline, Sensex ends 1,200 points lower, Nifty slips 364 points

Hindustan Times  

Indian stocks edged lower on Friday, dragged down by declines in IT and financial sectors, as investor concerns persisted over the Federal Reserve's forecast of fewer interest rate cuts next year, prompting a wave of foreign fund outflows. The BSE Sensex closed 1,176 points lower at 78,041.59, and the NSE Nifty slipped 1.52 per cent to close at 23,587.50 Sensex …

Bajaj Auto Share Price Today on 29-11-2024: Bajaj Auto share price are up by 0.5%, Nifty up by 0.88%
1 month, 1 week ago

Bajaj Auto Share Price Today on 29-11-2024: Bajaj Auto share price are up by 0.5%, Nifty up by 0.88%

Live Mint  

Bajaj Auto Share Price Today on 29-11-2024: At 29 Nov 11:24 today, Bajaj Auto shares are trading at price ₹9058.2, 0.5% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Bajaj Auto stock plummets to 4-month low, slides 29% from recent peak. Can it fall more?
1 month, 1 week ago

Bajaj Auto stock plummets to 4-month low, slides 29% from recent peak. Can it fall more?

Live Mint  

Shares of Bajaj Auto, one of the leading manufacturers of two-wheelers, fell nearly 2% in trade on Thursday, November 28 to hit a 4-month low of ₹9,013 per share. Further contributing to the negative sentiment, Bajaj Auto reported weak domestic sales for October, with a year-on-year decline of 8%, dropping from 3.29 lakh units to 3.03 lakh units. Bajaj Auto …

Bajaj Auto Share Price Today on 27-11-2024: Bajaj Auto share price are up by 0.64%, Nifty up by 0.02%
1 month, 1 week ago

Bajaj Auto Share Price Today on 27-11-2024: Bajaj Auto share price are up by 0.64%, Nifty up by 0.02%

Live Mint  

Bajaj Auto Share Price Today on 27-11-2024: At 27 Nov 11:28 today, Bajaj Auto shares are trading at price ₹9198.35, 0.64% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Bajaj Auto Share Price Today on 26-11-2024: Bajaj Auto share price are down by -1.94%, Nifty up by 0.02%
1 month, 2 weeks ago

Bajaj Auto Share Price Today on 26-11-2024: Bajaj Auto share price are down by -1.94%, Nifty up by 0.02%

Live Mint  

Bajaj Auto Share Price Today on 26-11-2024: At 26 Nov 11:18 today, Bajaj Auto shares are trading at price ₹9243.35, -1.94% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Bajaj Auto Share Price Today on 25-11-2024: Bajaj Auto share price are up by 0.8%, Nifty up by 1.71%
1 month, 2 weeks ago

Bajaj Auto Share Price Today on 25-11-2024: Bajaj Auto share price are up by 0.8%, Nifty up by 1.71%

Live Mint  

Bajaj Auto Share Price Today on 25-11-2024: At 25 Nov 11:06 today, Bajaj Auto shares are trading at price ₹9546.9, 0.8% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 9506.08 10 …

Bajaj Auto Share Price Today on 22-11-2024: Bajaj Auto share price are up by 0.1%, Nifty up by 1.24%
1 month, 2 weeks ago

Bajaj Auto Share Price Today on 22-11-2024: Bajaj Auto share price are up by 0.1%, Nifty up by 1.24%

Live Mint  

Bajaj Auto Share Price Today on 22-11-2024: At 22 Nov 12:41 today, Bajaj Auto shares are trading at price ₹9516.95, 0.1% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Bajaj Auto Share Price Today on 12-11-2024: Bajaj Auto share price are down by -2.27%, Nifty down by -1.07%
1 month, 4 weeks ago

Bajaj Auto Share Price Today on 12-11-2024: Bajaj Auto share price are down by -2.27%, Nifty down by -1.07%

Live Mint  

Bajaj Auto Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Bajaj Auto shares are trading at price ₹9689.05, -2.27% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at …

Sensex falls 836 points as markets start pricing in Trump’s victory effects on EM financial assets
2 months ago

Sensex falls 836 points as markets start pricing in Trump’s victory effects on EM financial assets

The Hindu  

Despite a strong overnight performance of the U.S. markets following Donald Trump’s victory in the U.S. Presidential election, Indian stock markets reported a bearish tone from the morning and continued with the sentiment throughout the day. Key benchmark stock indices tumbled over 1% as the Indian markets started pricing in the effects of Mr. Trump regaining power after a gap …

Auto Trader says new car market ‘remains challenging’ despite sales rise
2 months ago

Auto Trader says new car market ‘remains challenging’ despite sales rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Auto Trader has revealed a …

Nervous start to the New Year on D-Street
2 months ago

Nervous start to the New Year on D-Street

The Hindu  

In a turbulent beginning to the new Samvat, India’s benchmark stock indices tumbled through Monday to hit a four-month nadir amid a broadbased selloff as foreign investors continued to hit the exit button after pulling out a record ₹94,000 crore from Indian stocks in October. While the S&P BSE Sensex fell 1,480 points in intraday trading to 78,232.60 points or …

Bajaj Auto Shares Soar 1.35%, Nifty Down 0.09% Today
2 months, 1 week ago

Bajaj Auto Shares Soar 1.35%, Nifty Down 0.09% Today

Live Mint  

Bajaj Auto shares are trading up by 1.35% today, with the Nifty down by -0.09%. The stock has hit a high of ₹9999 and a low of ₹9775.25 during the day, and is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock has key support levels at ₹9628.68, ₹9417.37, & ₹9194.73, and key resistance …

Hezbollah Names Sheikh Naim Kassem as New Leader
2 months, 1 week ago

Hezbollah Names Sheikh Naim Kassem as New Leader

Live Mint  

Indian stock markets experienced a rebound on Tuesday, October 29, with the Sensex and Nifty indices making smart turnarounds. The recovery was driven by strong performances from major heavyweights like Reliance Industries, HDFC Bank ICICI Bank, and State Bank of India. Meanwhile, Adani Ports and Special Economic Zone reported strong Q2 results, while Ola Electric shares experienced a significant decline …

Stock markets fall for 4th day on selling in banking shares, STT hike
5 months, 2 weeks ago

Stock markets fall for 4th day on selling in banking shares, STT hike

The Hindu  

Benchmark BSE Sensex declined for the fourth day in a row on July 24 due to selling in financial and banking shares and the government's move to hike securities transaction tax and short term capital gains tax. The 30-share BSE Sensex declined 280.16 points or 0.35% to settle at 80,148.88 with 19 of its components closing lower and 11 with …

Bajaj Auto Q1 Results Live : profit rise by 18.1% YOY
5 months, 3 weeks ago

Bajaj Auto Q1 Results Live : profit rise by 18.1% YOY

Live Mint  

Bajaj Auto Q1 Results Live : Bajaj Auto declared their Q1 results on 16 Jul, 2024, with the topline increasing by 15.71% and the profit increasing by 18.1% YoY. Bajaj Auto delivered 1.93% return in the last week, 33.24% return in the last 6 months, and 42.97% YTD return. As of 17 Jul, 2024, out of 39 analysts covering the …

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights
5 months, 3 weeks ago

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights

Live Mint  

Bajaj Auto, the two and three-wheeler manufacturer, on Tuesday reported a net profit of Rs1,988 crore in the first quarter of FY25, upon a revenue of ₹11,928 crore. Here are key highlights from Bajaj Auto Q1 Results: Net Profit Bajaj Auto Q1 net profit rose 19.4% to Rs1,988 crore from ₹1,665 crore in the year-ago quarter. Revenue Bajaj Auto's revenue …

Stock market crash: Investors lose ₹7 lakh crore as Sensex tanks 1,000 points
5 months, 4 weeks ago

Stock market crash: Investors lose ₹7 lakh crore as Sensex tanks 1,000 points

Hindustan Times  

Sensex tanked 1,000 points today amid a sell-off in auto, consumer durables, capital goods, metals and oil and gas shares while Nifty slipped 259 points to 24,173. Owing to the sharp drop in the stock market, investors lose ₹7.38 lakh crore to ₹443.89 lakh crore compared with a valuation of ₹451.27 lakh crore recorded in the previous session. Stock market …

Stock markets fall for 5th day; Sensex plunges 617 points on profit booking
7 months, 1 week ago

Stock markets fall for 5th day; Sensex plunges 617 points on profit booking

The Hindu  

Benchmark equity indices Sensex and Nifty declined nearly 1% on Thursday, continuing their falling streak for the fifth day running due to profit booking amid monthly expiry in the derivatives segment. Benchmark indices closed at lifetime high levels on May 23 which triggered profit-taking amid growing nervousness among investors ahead of the results of the Lok Sabha polls on June …

Bajaj Auto share price rises 2% as sales jump 25% in March. Should you buy?
9 months, 1 week ago

Bajaj Auto share price rises 2% as sales jump 25% in March. Should you buy?

Hindustan Times  

Bajaj Auto share price: Shares of Bajaj Auto gained over 2 per cent today as the two-wheeler company clocked a 25 per cent jump in March sales. Bajaj Auto share price: Shares of Bajaj Auto rose 2.21 per cent to hit a high of ₹ 9,241.25 on BSE. Shares of Bajaj Auto rose 2.21 per cent to hit a high …

Top Gainers and Losers today on 5 March, 2024: Tata Motors, Bharti Airtel, Bajaj Finserve, Bajaj Finance among most active stocks; Check full list here
10 months ago

Top Gainers and Losers today on 5 March, 2024: Tata Motors, Bharti Airtel, Bajaj Finserve, Bajaj Finance among most active stocks; Check full list here

Live Mint  

The Nifty index closed at 22405.6, down by 0.22% for the day. Additionally, small cap stocks also underperformed, as the Nifty Small Cap 100 ended at 16087.25, down by 199.15 points and 1.24% lower. The Nifty 50 has shown the following returns: - In the last 1 week: 0.7% - In the last 1 month: 2.67% - In the last …

Sensex declines over 600 points to 71,181, Nifty falls below 21,600
11 months, 1 week ago

Sensex declines over 600 points to 71,181, Nifty falls below 21,600

India TV News  

The Nifty closed 207.05 points, or 0.95 per cent lower at 21,530.55 points, while the BSE Sensex ended Tuesday's trading session 760.07 points, or 1.06 per cent lower at 71,181.50 points. Among the Sensex firms, Bajaj Finance fell by 5.03 per cent after its December quarter earnings failed to cheer investors. China's 10-year government bond yield reached its lowest point …

Bajaj Auto stock crosses ₹6,000 mark for the first time; up 66% in CY23 so far
1 year, 1 month ago

Bajaj Auto stock crosses ₹6,000 mark for the first time; up 66% in CY23 so far

Live Mint  

Continuing their triumphant run for the 9th successive trading session, Bajaj Auto shares surged to a new historic high of ₹6,039 apiece in today's trading session, surpassing their previous high of ₹5,960 apiece. The stock began today's session at ₹5,969.80 apiece and remained flat throughout the day before gaining substantial momentum in the final hour of trade, breaching the significant …

Bajaj Finance share price drops over 2% post Q2 results; what should you do?
1 year, 2 months ago

Bajaj Finance share price drops over 2% post Q2 results; what should you do?

Live Mint  

Bajaj Finance share price: Bajaj Finance share price fell over 2 per cent in early trade on BSE on Wednesday, October 18, a day after the company reported its current fiscal's July-September quarter scorecard. Bajaj Finance share price opened at ₹8,080.95 against the previous close of ₹8,091.35 and dropped 2.05 per cent to the level of ₹7,925 quickly. From its …

Bajaj Auto Q2 Results Preview: Net profit may rise 13%; revenue seen up 5% YoY
1 year, 2 months ago

Bajaj Auto Q2 Results Preview: Net profit may rise 13%; revenue seen up 5% YoY

Live Mint  

Bajaj Auto, the two and three-wheeler manufacturer, will announce its financial results for the second quarter of FY24 on Wednesday, 18 October 2023. For Bajaj Auto, net profit in Q2FY24 is expected to rise 13.6% to ₹1,738 crore from ₹1,530 crore in the same quarter last year, as per average estimates of analysts. Analysts expect earnings before interest, tax, depreciation …

Bajaj Finance shares gain as Nomura sees 22% upside
1 year, 4 months ago

Bajaj Finance shares gain as Nomura sees 22% upside

Live Mint  

Bajaj Finance share price gained 2% in the early trade on Friday after global brokerage firm Nomura initiated coverage on the stock with a ‘Buy’ rating. Nomura has set a target of ₹8,700 for Bajaj Finance shares, which implies an upside of nearly 22% from Thursday’s closing price. The brokerage house believes that the exit of Housing Finance Development Corporation …

Bajaj Auto share price Today Live Updates : Bajaj Auto closed today at ₹4843.95, down -0.8% from yesterday's ₹4883.05
1 year, 5 months ago

Bajaj Auto share price Today Live Updates : Bajaj Auto closed today at ₹4843.95, down -0.8% from yesterday's ₹4883.05

Live Mint  

Bajaj Auto had an open price of ₹4854 and a close price of ₹4862.6 on the last day. Bajaj Auto share price Today :Bajaj Auto trading at ₹4839.2, down -0.9% from yesterday's ₹4883.05 The current stock price of Bajaj Auto is ₹4839.2, which reflects a decrease of -0.9% in percentage change. Bajaj Auto share price Live :Bajaj Auto trading at …

Markets settle with gains after two days of fall
1 year, 7 months ago

Markets settle with gains after two days of fall

The Hindu  

Benchmark stock indices Sensex and Nifty closed higher on June 2 after two days of fall, helped by buying in metal, telecom and auto stocks amid a firm trend in global markets. Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles and GST collections crossing ₹1.50 lakh crore for the third straight month …

Sensex sheds 200 pts, Nifty closes below 18,500; Coal India, Kotak, Airtel lag
1 year, 7 months ago

Sensex sheds 200 pts, Nifty closes below 18,500; Coal India, Kotak, Airtel lag

Live Mint  

Markets chose caution and decided to book profits amidst mixed global cues despite strong economic data in which the country's GDP grew at 7.2% in FY23, beating the 7% official forecast. Auto giant, Mahindra & Mahindra share price rallied by at least 1.5% on BSE during Thursday's trading session as the company recorded double-digit growth in May month passenger vehicles …

Tata Motors shares surge 4%, reach 52-week high after strong Q4 gains
1 year, 7 months ago

Tata Motors shares surge 4%, reach 52-week high after strong Q4 gains

Hindustan Times  

Shares of Tata Motors jumped over 4 per cent in morning trade on Monday to hit its 52-week high level, after the company reported a consolidated net profit of ₹5,408 crore in the March quarter. At the NSE, it rallied 4.10 % to reach 52-week high of ₹ 537.15, It emerged as the biggest gainer among the Sensex firms. Fuelled …

Bajaj Auto Shares Dip After Q4 Results, But Analysts See 16% Upside; Know Details
1 year, 8 months ago

Bajaj Auto Shares Dip After Q4 Results, But Analysts See 16% Upside; Know Details

News 18  

Shares of Bajaj Auto tanked 1.41 per cent to Rs 4,281 today after the company’s net profit fell 2.5 per cent on-year to Rs 1433 crore. The company’s revenue for the January-March quarter stood at Rs 8904.7 crore, up 12 per cent on-year, supported by the sustained momentum of the domestic business that delivered strong volume-led revenue growth. HDFC Institutional …

FMCG, Auto and Realty lift Sensex by 170 pts; Nifty ends 45 pts higher
1 year, 8 months ago

FMCG, Auto and Realty lift Sensex by 170 pts; Nifty ends 45 pts higher

Live Mint  

Global cues and corporate earnings are the factors directing the domestic market sentiment, and amidst fears of impeding global recession, investors are choosing caution. Nestle India shines as it leads the stock charts and gains 1.5% in today's session View Full Image Nestle India Yes Securities Report on AU Small Finance Bank and HDFC Asset Management Company AU Small Finance …

Bajaj Auto reports 2.5% drop in Q4 PAT to ₹1,433 cr on lower sales
1 year, 8 months ago

Bajaj Auto reports 2.5% drop in Q4 PAT to ₹1,433 cr on lower sales

Live Mint  

Two-wheelers and commercial vehicles maker, Bajaj Auto despite witnessing a single-digit drop in PAT due to lower sales, beats Street's estimates for the quarter ending March 31, 2023. From December 2022 quarter where PAT stood much higher at ₹1,491 crore, Bajaj Auto's net profit dipped by nearly 4% in Q4FY23. In its financial report, Bajaj Auto said, domestic motorcycle sales …

Bajaj Auto share price hits life-time high before Q4 results. More steam left?
1 year, 8 months ago

Bajaj Auto share price hits life-time high before Q4 results. More steam left?

Live Mint  

Bajaj Auto shares have been in uptrend after ushering in new financial year 2023-24. After hitting record high on previous four sessions, Bajaj Auto share price today opened upside and went on to hit new life-time high of ₹4,375 apiece on NSE. On why Bajaj Auto share price is surging, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Bajaj …

Bajaj Auto shares in focus ahead of Q4FY23 results on Tuesday
1 year, 8 months ago

Bajaj Auto shares in focus ahead of Q4FY23 results on Tuesday

Live Mint  

Shares of Bajaj Auto opened 0.4% higher on Tuesday's early trade on BSE ahead of its Q4FY23 results. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, the stock has shown strong traction in the last one month and technically, it is seen as a multi-month breakout. Brokerage ICICI Direct Research expects that the domestic automaker to …

Bajaj Auto Q4 results: Profit takes hit, Rs 140/share dividend declared
1 year, 8 months ago

Bajaj Auto Q4 results: Profit takes hit, Rs 140/share dividend declared

India Today  

Bajaj Auto today reported a decline of 2% year-on-year in standalone net profit at Rs 1,433 crore for the quarter ended March 2023 as the overall volumes were dragged down by a slip in exports. Standalone particulars Q4 FY23 Q4 FY22 Growth Revenue from operations Rs 8,905 cr Rs 7,975 cr 12% Ebitda Rs 1,718 cr Rs 1,366 cr 26% …

Bajaj Auto likely to post muted performance in Q4 as total volumes decline
1 year, 8 months ago

Bajaj Auto likely to post muted performance in Q4 as total volumes decline

Live Mint  

Two-wheeler and three-wheeler maker Bajaj Auto is likely to report muted performance in the fourth quarter ended as the total volumes declined along with weakness in exports. Bajaj Auto has seen its volumes decline by 12.8 per cent sequentially at 8.6 lakh units during the March quarter, mainly on account of lower exports. “BAL is expected to report a muted …

Bajaj Auto Q4 preview: Decline in volumes may lead to muted performance
1 year, 8 months ago

Bajaj Auto Q4 preview: Decline in volumes may lead to muted performance

Live Mint  

Two-wheeler giant Bajaj Auto will be in focus this week as the company prepares to deliver its fourth quarter numbers for FY23. Experts believe a decline in total volumes may take a toll on Bajaj Auto's Q4 earnings. Emkay Global in its preview note for Bajaj Auto said, "Revenue to grow YoY, despite a decline in volumes, owing to increase …

Bajaj Auto saw a bumpy ride in FY23 thanks to dull export markets
1 year, 9 months ago

Bajaj Auto saw a bumpy ride in FY23 thanks to dull export markets

Live Mint  

One pain point for the investors in shares of Bajaj Auto Ltd has been the sombre demand in its export markets. In the month of March, Bajaj Auto’s export volumes in the two-wheeler segment dropped by 36.5% year-on-year. In the three-wheeler segment, Bajaj Auto’s export volumes fell for the seventh consecutive time in March. The two-wheeler export volume share of …

Weaker export prospects dim Bajaj Auto’s earnings outlook
1 year, 10 months ago

Weaker export prospects dim Bajaj Auto’s earnings outlook

Live Mint  

Bajaj Auto Ltd’s weak performance in the export markets has been a pain point for investors in the stock. Lower export volumes also weighed on Bajaj’s total volumes, which fell over 9% year-on-year in FY23 so far. This would impact Bajaj’s margin performance given lower production at the same level of fixed costs. “This production cut would lead to a …

Tata Motors among 7 auto stocks to buy as Jefferies sees strong returns in 2023
2 years ago

Tata Motors among 7 auto stocks to buy as Jefferies sees strong returns in 2023

Live Mint  

The Indian auto sector is poised to deliver strong stock returns in 2023, in Jefferies' view. TVS, Maruti, Tata Motors and Eicher Motors are Jefferies preferred buys in the Indian auto stocks. It has Buy tags on auto stocks Ashok Leyland with a target price of ₹180, Bajaj Auto, TVS Motor, Maruti Suzuki, Tata Motors, Eicher Motors, Hero MotoCorp Meanwhile, …

For Bajaj Auto, the worst could be over
2 years, 1 month ago

For Bajaj Auto, the worst could be over

Live Mint  

For Bajaj Auto Ltd, 2022 has been a rocky road. In November, Bajaj’s 2W export volumes fell by over 28% year-on-year to 138,630 units. Emkay Global Financial Services Ltd expects Bajaj’s 2W export volumes to drop by 14% y-o-y in FY23 after clocking a 22% growth in FY22. Indeed, it is comforting that Bajaj Auto’s export volumes have risen sequentially …

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