Here's a technical outlook on 5 largecap stocks post Q3 results. Charts hint towards a positive bias for Bajaj Finance and Bajaj Auto; whereas a likely fall for Maruti, Tata Motors and Dr. Reddy's.
Despite the strong export performance, the overall Q3 results were seen as somewhat lacklustre, leading to mixed reactions from brokerages
In the previous session, the Sensex gained 535.24 points, or 0.71 per cent, closing at 75,901.41. Similarly, the Nifty50 closed higher at 22,957.25, up 128.10 points or 0.56 per cent
Chetak margins are out of red; exports touched 500K units after 9 quarters
The 'Pulsar' motorcycle manufacturer reported a profit of Rs 2,109 crore (around $244 million) for the October-December quarter, missing analysts' expectations of Rs 2,163 crore
On the bourses, Bajaj Auto shares settled 0.28 per cent lower at Rs 8380.35. In comparison, BSE Sensex closed 1.08 per cent lower at 75,366.17, on January 27, 2025
At 6:31 AM, GIFT Nifty futures pointed to a positive start, trading 76 points higher at 22,922
The new Bajaj Pulsar RS200 will feature hardware upgrades, including USD front forks, a larger rear tyre, and an all-digital instrument cluster, along with new graphics and colour options
Hero Moto, Tata Motors and Bharat Forge are the worst hit as shares trade at over 20% discount against the long-term moving average. Maruti, Bosch, Bajaj Auto stock could dip another 11%.
Bajaj Auto share price: Bajaj Auto's December 2024 sales fell 1 per cent year-on-year (Y-o-Y) to 3,23,125 units from 3,26,806 units sold in December 2023
Bajaj Auto on Wednesday reported a 1 per cent decline in total sales at 3,23,125 units in December 2024 compared to the same month a year ago. Bajaj Auto said in a regulatory filing that the company had sold a total of 3,26,806 units in December 2023. Total two-wheeler sales were at 2,72,173 units last month against 2,83,001 units in the year-ago period, down 4 per cent, it added. Domestic two-wheeler sales stood at 1,28,335 units compared to 1,58,370 units in the corresponding month a year ago, a decline of 19 per cent, the company said. Exports of two-wheelers were higher at 1,43,838 units last month over 1,24,631 units in December 2023, up 15 per cent. Total commercial vehicle sales were higher by 16 per cent at 50,952 units in December 2024 from 43,805 units a year ago, the company said.
After rallying up to 88% in 2024, Bajaj Auto and Hero MotoCorp have declined up to 33% from their respective peaks in the last 3 months. Is it time to buy these stocks or wait for further fall?
Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota
As per reports, DAM Capital expects a recovery in the auto sector in FY26E due to favourable macros, comfortable valuation after a sharp correction, and favourable risk-reward
The two-wheeler giant had only 14 per cent of the electric two-wheeler market in May this year, but its 26.8 per cent in December
More variants of the e-scooter, targeting delivery executives, likely soon
Stocks to Watch, Dec 9: Here is a list of stocks from Adani group shares to GCPL that will remain in focus today
A video of smoke emanating from an electric scooter in Chhatrapati Sambhajinagar has gone viral, after which leading two-wheeler maker Bajaj Auto said the incident is being probed. Smoke came out of the vehicle, apparently a Bajaj Chetak electric scooter, at a busy traffic signal on the Jalna Road on Thursday. Fire brigade deployed a team to douse the smoke, an official said. Two farmers, Bhagwan Chavan and Ravindra Chavan from Varvandi village had come to Chhatrapati Sambhajinagar for purchasing water pipes. While they were waiting at the signal, they noticed that smoke was coming out of their e-vehicle, the official said. The vehicle was taken aside and a fire brigade team was called from the Seven Hills fire station. The team sprayed water over the vehicle and the smoke stopped, the official said. We have been informed of a thermal incident. The matter is being investigated, a spokesperson of Bajaj Auto told PTI. When contacted, local police and fire brigade official said they
Company says brokerage's report on sales does not give 'full or accurate picture'
Bajaj Auto clarified that the dispatch number of Freedom 125, a motorcycle produced by the company, is stated incorrectly at 80,000