Stocks to watch on Monday, February 19, 2024: Shares of Adani group are likely to be in focus as the group is said to be in advanced talks to raise up to $2.6 billion from sovereign funds.
Make waves in above 350cc segment, growing demand spurs production growth
Two-wheeler major Bajaj Auto has set February 29 as the record date for its Rs 4,000 crore buyback
In the past one month, the S&P BSE Auto index has rallied 10 per cent against a 1 per cent decline in the S&P BSE Sensex
Bajaj Auto is developing a portfolio of CNG motorcycles, and the first such bike will hit the market next fiscal under a new brand, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. The company wants the government to consider lowering GST on such CNG bikes -- which will serve as a bridge to full electrification -- to around 12 per cent as it seeks to replicate the success it has witnessed in the CNG three-wheelers to the motorcycle segment as well. "We are putting our money where our mouth is. We feel CNG is a great option for the country, for the society and for the riders. We have proven this in three-wheelers and now we want to extend this into two-wheelers," Sharma told PTI in an interview. "It will not be only one vehicle but it will be a range of vehicles across segments. We will fill up the portfolio, we may not present it in one go but the idea is to have a portfolio of CNG motorcycles." Asked about the timeframe for the CNG bikes to hit the roads, he said, "I
Industry unlikely to meet FY24 target of 1 million registrations
Pune-based 2W maker outrides TVS Motor with sharper margin gears
The two-wheeler major reported its highest-ever quarter revenue at Rs 12,114 crore and EBITDA at Rs 2,430 crore for the quarter ended December 2023.
Stocks to watch on Thursday, January 25, 2024: Among companies announcing Q3 results yesterday, Tata Steel reported a turnaround while IOC and Ceat postged a 10-fold and 5-fold jump in net profit.
No.3 in electric 2-wheeler market riding on Chetak, clocks 10K units-pm volumes
Bajaj Auto Ltd on Wednesday said its Vice Chairman Madhur Bajaj has resigned due to health reasons. In a regulatory filing, Bajaj Auto said Madhur Bajaj has tendered his resignation from his position in the company with effect from the close of business hours on January 24, 2024. In his resignation letter, Bajaj said considering his age and current health and after being associated with the company for 44 years he wished to step down as the Vice Chairman and non-executive Director of Bajaj Auto. "I believe now is the time for me to pursue my other interests and commitments," he added. Further, Bajaj Auto said its independent director Lila Poonawalla has expressed her desire not to seek a second term when her first term ends on March 31, 2024. The board has approved re-appointment of Pradip Shah as an independent director for the second five-year term effective from April 1, 2024 and also recommended to the shareholders, the appointment of Vinita Bali as an independent director for
On top of festive season, Bajaj Auto also benefited from strong demand for its premium motorcycles, led by the two Triumph models
Bajaj Auto Ltd on Wednesday reported a 38 per cent jump in consolidated Profit After Tax (PAT) to Rs 2,032.62 crore in the December quarter. The company had posted a consolidated PAT of Rs 1,472.7 crore in the year-ago period, Bajaj Auto said in a regulatory filing. Consolidated total revenue from operations in the third quarter of the ongoing fiscal stood at Rs 12,165.33 crore, up from Rs 9,318.54 crore in the year-ago period, it added. Total expenses were higher at Rs 9,855.44 crore as against Rs 7,644.55 crore in the same period a year ago, the company said. Growth in revenue was led by acceleration in domestic business, which on the back of sharp execution and impactful activation during the festive season, cushioned the relatively subdued, albeit recovering, export sales amidst continued challenges in overseas markets, Bajaj Auto said. The company said while navigating volatile overseas markets, exports posted near double-digit revenue growth on better mix and dollar ...
Two-wheeler major Bajaj Auto is expected to post over 30 per cent year-on-year rise in both, revenue and net profit, when it reports its December quarter (Q3FY24) earnings on Wednesday, January 24
Undaunted, Bajaj is looking at launching a CNG-powered motorcycle by 2024-25 and then testing the market with a CNG scooter. For projections, it is looking at electric two-wheelers as an indication
Shares of Hero MotoCorp have soared 18 per cent in the past one month
Bajaj Auto's Board has board approved Rs 4,000-crore share buyback at Rs 10,000 per share
Closing Bell on Tuesday, January 09: Among sectors, the Nifty Media index crashed the most, falling 3.4 per cent, amid a slide in ZEEL shares (down 8%), Dish TV (5%), and Hathway (3%)
Zee Entertainment is seen trading below its key moving averages on the daily scale following today's sharp intra-day fall of over 13 per cent, shows chart.
Stocks to Watch on January 9, 2024: Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment, reported Bloomberg