Latest Updates Around The World
Two-wheeler major Bajaj Auto on Friday reported a 53% year-on-year increase in its consolidated net profit in the second quarter at Rs 2,122 crore, compared to Rs 1,385 crore in the same period a year ago. The profit after tax (PAT) is attributable to the owners of the company. Revenue from operations in the quarter […]
Bajaj Auto on Thursday said it has applied through its wholly owned subsidiary to acquire 24,000 shares of Pierer Bajaj AG for 24.32 million euros (about Rs 248 crore).Bajaj Auto International Holdings BV (BAIH) intends to acquire all 50,100 shares of Pierer Industrie AG (PIAG) in Pierer Bajaj AG (PBAG). PBAG has a nearly 75 […]
Bajaj Auto is expected to report a healthy set of numbers for the September quarter (Q2FY26), with revenues likely to rise around 12% year-on-year and profit after tax rising 16%, according to the average of six brokerage estimates. Analysts see a combination of higher exports, a richer product mix and currency tailwinds supporting the quarter, […]
Two-wheeler sales are expected to outpace passenger cars for the rest of the year, driven by strong festive demand, improved rural sentiment and selective discounting. An industry update from PhilipCapital shows that discounts in the two-wheeler segment are highly selective, while discounts for passenger cars are gradually decreasing. The report added that rural demand picked […]
Bajaj Auto rides high at a strong festive season momentum, in which executive director Rakesh Sharma expects the sale of October to surpass in September, driven by GST degreasing, pent-up question and improve the sentiment of the customer. Speaking with et now, Sharma said that the GST reduction has created both profit for disposable income […]
Auto shares gathered more than 7% on Monday and continued their winning momentum of the last month, with Bharat Forge (7%) led the profit. It was followed by Ashok Leyland, who hit his 52 weeks. Sectorally, the Nifty Auto Index surpassed all its peers who rise more than 3% on an intraday basis. Auto OEMs […]
Car shares collected no less than 6% on Monday prior to the all important two-day GST Council meeting that starts on Wednesday 3 September. Sectorally beat his colleagues with the Nifty Auto Index that ended the day with a 2.8% increase. All 15 shares settled in the Green. The positive sentiments helped to sail shares, […]
OLA Electric shares rose by 14% this week after the company had protected the production -Instentive (PLI) certification for its 3 -scooters gene. This performance management says that it will strengthen margins and accelerate its way to profitability. However, the rally comes against the background of steep losses in the past year and intensifying the […]
“If we look at individual sectors-in particular, the most names of large caps now in fewer than 20 times FY27 income. These are the levels they had hit when the tariff uncertainty was at its peak, so incrementally disadvantage here seems limited for IT names,” says Nikhil Ranka, Nuvama Asset Management. Similar question, because yes, […]
