Page 4 - Bajaj Group

Bajaj Group tops Rs 10 trn m-cap; Key levels to watch out on major stocks

Among individual shares, Bajaj Finance and Bajaj Finserv look ripe for further upside, while Bajaj Auto may witness some consolidation in the near-term, hint charts.

Market capitalisation of Bajaj Group tops Rs 10 trn for first time

All the five listed firms belonging to the late Rahul Bajaj-Group ended with gains amid a rally in the market

Bajaj Auto October sales: Domestic 2W, CV sales up, exports take a hit

Bajaj Auto reported the highest-ever domestic commercial vehicle sales in October 2023, which were up 39%

Bajaj Finance picks 26% stake in fintech firm Pennant Technologies

Pennant will become a related party of Bajaj Finance after completion of deal

Bajaj Auto launches Pulsar N150 at a starting price of Rs 1.18 lakh

The bike is available in three colours: Racing Red, Ebony Black, and Metallic Pearl White

Bajaj Healthcare zooms 53% in four weeks on healthy FY24 guidance

EBITDA margins would be in the range of 16 -20 per cent for the FY24, mainly driven by growth in the formulation biz and with the introduction of reverse engineering APIs launched in the last fiscal.

How Bajaj Finserv MF uses behavioural finance in investment philosophy

Here's how Bajaj Finserv Mutual Fund uses behavioural finance in its investment philosophy

How to trade Bajaj Finance and Bajaj Finserv post Q1FY24 earnings?

Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached

Bajaj Holdings Q1FY24 results: Net profit jumps 46%, revenue up 14%

During the quarter, the consolidated profit of Bajaj Auto was up 41 per cent year-on-year to Rs 1,644 crore from Rs 1,163 crore in Q1FY23

Bajaj Electricals to increase its play in premium segment, says CEO Poddar

Bajaj Electricals is increasing its play in the premium range in appliances and other segments, and expects the revenue contribution from upscale products to rise as it has lined up several new launches, MD & CEO Anuj Poddar said. The company has recently launched a new brand 'Nex', which will target upscale urban consumers with its premium range of appliances. Despite a slowdown in some segments, Bajaj Electricals will have new product launches in the premium space and in Morphy Richards in the latter half of this year. Overall, as a company, it expects a lot more contribution coming from the premium segment, he said. "We are focusing on two things -- brand upliftment and product premiumisation -- by launching new products," Poddar told PTI. Both of these are helping the company grow market share and the Bajaj group firm will continue to focus on this strategy, he added. Over the current market scenario, Poddar further said there is a "demand slowdown" in the market for ...

Bajaj Auto to boost Chetak's production to 10,000 units a month by June

Bajaj Auto Ltd is ramping up production of its electric scooter Chetak to touch around 10,000 units a month by June, having overcome supply chain constraints as it gradually expands the sales network of the brand, according to a senior company official. The company plans to have around 150 exclusive outlets for the Chetak electric scooter by September, and is taking a calibrated expansion keeping in mind the uncertainty over the extension of FAME II scheme for promotion of electric vehicles beyond this fiscal. "We are trying to get to 10,000 (units) by June. It is a supply chain issue," Bajaj Auto Executive Director Rakesh Sharma said here on the sidelines of opening of an exclusive Chetak showroom. The company has reached 5,000 units at present and next month, it will try to get to 7,000 units, he said, adding after that Bajaj Auto would assess how the demand is coming to plan future production roadmap. Sharma said the company had faced problems earlier due to over dependence on .

Bajaj Allianz Life declares bonus of Rs 1,201 cr to policyholders in FY23

Bajaj Allianz Life on Wednesday said it has declared a bonus of Rs 1,201 crore to participating policyholders for the financial year ended March 31, 2023. This is the 22nd consecutive year of bonus payment to all eligible and participating policyholders. The Pune-based company said the bonus includes a regular reversionary bonus of Rs 872 crore and a terminal and cash bonus of Rs 329 crore. In the previous year, the company had paid Rs 1,070 crore in bonus to over 11.62 lakh policyholders, Bajaj Allianz Life said. As many as 11.43 lakh participating policyholders out of its total of 3.5 million policyholders will benefit from the announcement, it added. The regular reversionary bonus will be payable at the time of maturity or death of the policyholder. The funds for the bonus will be sourced from the surplus generated by the participating policyholders' funds for FY2023, said Tarun Chugh, the managing director & chief executive. The policyholders of its participating products su

Bajaj Finserv net income jumps 42% to Rs 1,782 crore in Q3: Report

Bajaj Finserv, holding company of Bajaj Group's financial services businesses, on Monday reported a 42 per cent growth in consolidated net profit at Rs 1,782 crore in the quarter ended December 2022, on high double-digits revenue growth. The Pune-based company, which is into retail lending, life and general insurance, and wealth management, among others, said its consolidated revenue grew 23 per cent to Rs 21,755 crore during the reporting quarter. Its flagship Bajaj Finance recorded highest ever quarterly profit after tax of Rs 2,973 crore, up 40 per cent on-year, while its wholly-owned subsidiary Bajaj Home Finance recorded a growth of 81 per cent in net profit. Bajaj Allianz General Insurance gross written premium grew 29 per cent to Rs 3,821 crore, while the life insurer Bajaj Allianz Life recorded a growth of 22 per cent in individual rated new business premium at Rs 2,289 crore, down from Rs 2,377 crore. Its individual rated new business premium rose 22 per cent to Rs 1,255 .

Bajaj twins need to sustain these key levels to prevent extended selloff

The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.

"Hercules Hoists Limited rebrands as BAJAJ INDEF after 60 years of Growth Journey"

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Bajaj Hindustan Sugar zooms 20% on payment of entire overdues

There are no overdues in our account and the account is fully regular with all the lenders as on date, the Bajaj Group company said.

India at 75: 'Hamara Bajaj' to Luna - 15 brands that you will never forget

The products may have lived on or given way to others, but the brands never get old. From Bajaj Scooters to Luna, Maruti 800 and Rajdoot, here's a look at 15 brands that remain a part of our lives

Bajaj Consumer Care reports 30.7% dip in Q1 net profit to Rs 33.9 cr

FMCG firm Bajaj Consumer Care Ltd on Monday reported a decline of 30.69 per cent in its consolidated net profit at Rs 33.89 crore for the first quarter ended June 30, 2022. The company had reported a net profit of Rs 48.90 crore in the April-June quarter a year ago, said Bajaj Consumer Care, a part of the Bajaj Group of Companies, operating in the beauty care category. Its total revenue from operations rose 15.10 per cent to Rs 249.44 crore during the period under review, as against Rs 216.71 crore in the corresponding quarter a year ago, said a regulatory filing by Bajaj Consumer Care. Total expenses of Bajaj Consumer Care, which owns brands as Almond Drops Hair Oil and Nomark, were at Rs 215.22 crore, up 29.81 per cent in Q1/FY 2022-23. Shares of Bajaj Consumer Care Ltd on Monday were trading at Rs 167.25 on BSE, up 2.83 per cent from the previous close.

Bajaj Finserv shares jump 10% after June earnings; mcap climbs Rs 21,681 cr

Shares of Bajaj Finserv on Thursday zoomed over 10 per cent after the company reported a 57 per cent jump in net profit in the June quarter. The stock rallied 10.14 per cent to Rs 14,652.30 apiece on the BSE. During the day, it climbed 11.08 per cent to Rs 14,777.85. On the NSE, it advanced 10.09 per cent to Rs 14,650 apiece. The company's market valuation also jumped Rs 21,681.19 crore to Rs 2,33,383.19 crore on the BSE. On Thursday, Bajaj Finserv reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June, on healthy earnings by its subsidiary companies. In the year-ago period, the company had posted a net profit of Rs 833 crore. Company's consolidated total income during April-June period of 2022-23 was up 14 per cent to Rs 15,888 crore, Bajaj Finserv said in a regulatory filing.

Bajaj Finance: Analysts bullish on accelerated growth, digital initiatives

At the bourses, shares of Bajaj Finance jumped 9.4 per cent on Thursday to Rs 6,999 apiece on the BSE in the intra-day trade. In comparison, the BSE Sensex was up 1.4 per cent at 11:25 AM.