Around 10:00 AM, Hero MotoCorp share was trading 1.46 per cent higher at ₹4,540, even as the BSE Sensex slipped 0.29 per cent to 80,306.90.
The quarter saw Bajaj Auto revenues grow 6 per cent year-on-year to ₹12,580 crore, and Ebitda rise 3 per cent to ₹2,480 crore, slightly ahead of consensus.
Analysts at Nuvama noted that the revenue is expected to decline Y-o-Y, led by volume drops across India PV/CV and JLR businesses.
Hero MotoCorp Q1 preview: Hero MotoCorp released robust July sales data on August 1. The company dispatched 449,755 units during the month, up 21 per cent from 370,274 units in July 2024.
Sectorally, Nifty Auto was among the top-performing sectoral indices, trading at 23,745.2, up by 1.43 per cent.
Domestic 2W industry growth is expected to be supported by improved consumer sentiment, a pickup in rural demand due to a normal monsoon, repo rate cuts, and improving liquidity.
At 12:30 PM, Sensex was trading at 82,570.47 level, up by 384 points or 0.47 per cent
Shares of SML Isuzu hit a new high at ₹3,675.15, and were locked at the 10 per cent upper circuit on the BSE in Friday's intra-day trade.
In the financial year 2025-26, the Indian two-wheeler industry is poised to build upon the U-shaped recovery trajectory observed over the preceding three fiscal years
Bosch stock has rallied over 12% so far this July, and looks favourably placed on the technical charts for a potential rally of up to 22%.
With $2.9 billion in average annual research and development (R&D) spend (2.5 per cent of revenue), the parent firm enables Hyundai India to fast-track innovation and expand exports.
Shares of SML Isuzu (up 14% at ₹3,250) and Force Motors (up 11% at ₹16,976.30) hit their respective new highs, as they rallied by up to 14% on the BSE in Wednesday's intra day trade.
Nifty Bank was among the worst-performing sectoral indices, quoting 28,058. Meanwhile, the Nifty PSU Bank index was trading at 7,154, down by 0.54 per cent.
MRF, TVS Motor, Tata Motors, Maruti, Mahindra & Mahindra and Ashok Leyland from the Nifty Auto index have witnessed a 'Golden Crossover' in recent months; here's a detailed outlook.
The BSE Sensex was trading at 83,731.47, down 327.43 points or 0.39 per cent, and the Nifty50 was down by 77 points or 0.3 per cent at 25,560.80
Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &
The recent price/volume behavior in scrip appears to be purely market-driven, the company said it is not aware of any undisclosed material or event that may have contributed to such movement.
Auto stocks fell in trade on Friday with Nifty Auto plunging over 2 per cent as US President Donald Trump warns to hike auto tariffs
Landmark Cars shares were under pressure after the company posted a massive drop in profit in the March quarter of FY25 (Q4FY25) results.
Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.