Stocks to watch today: Bajaj Auto approved buyback of shares worth up to Rs 2,500 crore; Moody's upgraded Tata Steel's outlook to 'positive' from 'stable'
Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece
Fall in raw material prices, low base, and normal monsoon are other positives
On June 14, the company's board had deferred a decision on its proposed share buyback citing further deliberations were required on the proposal
Hero MotoCorp, Bajaj Auto and Eicher Motors need to cross their significant hurdles with aggressive volume for further gains to emerge.
CLOSING BELL: Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 per cent and 6.7 per cent
Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.
CLOSING BELL: NTPC, Infosys, HUL, Wipro, and RIL slipped over 1 per cent each
Stocks to watch today: SBI and IDBI Bank have raised their interest rates on retail term deposits, subject to different tenors; LIC hiked stake in Hero MotoCorp to 11.2 per cent from 9.1 per cent.
Bajaj Auto said that the board has decided that further deliberations are required in order to take a decision on the proposal of buyback
Company informs stock exchanges that its board 'has decided that further deliberations are required in order to take a decision on the proposal of buyback'
Chetak is looking to create a portfolio of e-two wheeler models by addressing various needs and catering to a vivid customer profile, Rakesh Sharma, executive director, Bajaj Auto said.
'Issue is the underlying process of the manufacturing,' says Bajaj Auto MD.
Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%
The board of directors of Bajaj Auto is scheduled to meet on Tuesday, 14 June 2022, to consider a proposal for buyback of fully paid-up equity shares of the company
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.