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.
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