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FII selling streak caps Nifty upside Domestic equities held on to their positive stance despite mixed global cues. Nifty opened higher and remained in positive territory throughout the session to close with marginal gains of 81 points at 19598 levels, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for...
FII selling streak caps Nifty upside
FII selling streak caps Nifty upside
Source: IANS
8/08/2023 9:44:08 AM
Buy Bajaj Auto Ltd For Target Rs.5,185 - ICICI Securities In-line EBITDA; expecting gradual revival in exports in coming months Bajaj Auto’s (BJAUT) Q1FY24 EBITDA margin at 19%, down 30bps QoQ, was in line with consensus estimate at 19.1%. The slight QoQ dip in margin was due to typical seasonal skew for commuter motorcycles on the back of it being the marriage season. Revenue improved 16% QoQ to INR 103bn driven by 31% QoQ volume growth in 2Ws on domestic front cushioning the weak but improving exports performance. 2W export volumes improv...
Buy Bajaj Auto Ltd For Target Rs.5,185 - ICICI Securities
Buy Bajaj Auto Ltd For Target Rs.5,185 - ICICI Securities
Source: ICICI Securities Ltd
7/08/2023 1:12:38 PM
India's July retail vehicle sales up; dealers' body flags rising inventory Retail sales of vehicles in India rose in July, a dealers' body said on Monday but cautioned of rising inventory levels and demand slowdown in certain categories despite the upcoming festive period. Inventory days, an indicator of retail demand, ranged from 50-55 days for passenger vehicles, up from 45-49 days in June, the Federation of Automobile Dealers Association (FADA) said. Higher inventory days indicate dealers storing vehicles for longer before being able to sell them. "...
India's July retail vehicle sales up; dealers' body flags rising inventory
India's July retail vehicle sales up; dealers' body flags rising inventory
Source: Accord Fintech
7/08/2023 12:54:37 PM
India`s two-wheeler sales likely to improve as early as September - analysts Indian two-wheeler makers could begin posting better wholesale numbers as early as September as exports pick up and domestic demand improves in the upcoming festival season, analysts said this week. The outlook comes after two-wheeler makers such as Bajaj Auto and Hero MotoCorp reported dismal sales volumes for July. "The incessant rains and the floods caused crop damage in several states, and also resulted in a sharp decline in customer footfall at dealerships," Hero MotoCorp...
India`s two-wheeler sales likely to improve as early as September - analysts
India`s two-wheeler sales likely to improve as early as September - analysts
Source: Reuters
2/08/2023 7:48:55 PM
Hero MotoCorp raises new Harley-Davidson prices in India Two-wheeler maker Hero MotoCorp on Wednesday raised prices of the new Indian Harley-Davidson motorcycle by 10,500 rupees ($127.45) days after the Harley chief executive said pre-orders of the new model exceeded the company's expectations. The Harley-Davidson X440 will be priced at 239,500 rupees ($2,905.06) and above, with the hike applicable for all its variants, Hero said in a statement. Deliveries are expected to begin by October. Harley partnered with Hero, the world's large...
Hero MotoCorp raises new Harley-Davidson prices in India
Hero MotoCorp raises new Harley-Davidson prices in India
Source: Reuters
2/08/2023 9:25:48 AM
Bajaj Auto declines on reporting 10% fall in July sales Bajaj Auto is currently trading at Rs. 4908.00, down by 23.55 points or 0.48% from its previous closing of Rs. 4931.55 on the BSE. The scrip opened at Rs. 4870.05 and has touched a high and low of Rs. 4978.00 and Rs. 4870.05 respectively. So far 8347 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4988.55 on 13-Jul-2023 and a 52 week low of Rs. 3462.05 on 30-Sep-2022. Last one week high and low of the scrip sto...
Bajaj Auto declines on reporting 10% fall in July sales
Bajaj Auto declines on reporting 10% fall in July sales
Source: accourd fintech
1/08/2023 1:48:15 PM
Buy Bajaj Auto Ltd For Target Rs. 5,250 - JM Financial Institutional Securities In 1QFY24, Bajaj Auto EBITDA margin stood at 19% (+270bps YoY, -30bps QoQ). Sequential decline in margin was owing to unfavorable mix. Domestic 2W demand is being led by premium segment (125cc+) and the company expects c.4-6% industry growth in the nearterm. Recently launched Triumph 400 has been received well with 17k+ open bookings. Deliveries have commenced and the company plans to ramp-up volume to 5k units/month by Sept’23. In e-2W segment, the company is gradually ramping up produ...
Buy Bajaj Auto Ltd For Target Rs. 5,250 - JM Financial Institutional Securities
Buy Bajaj Auto Ltd For Target Rs. 5,250 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
31/07/2023 2:21:30 PM
Buy Bajaj Auto Ltd For Target Rs. 5,548 - ICICI Securities Bajaj Auto Limited (BAL) reported healthy margin performance in Q1 FY24 despite exports markets not yet out of the woods. Topline growth was up 16% qoq and 29.3% up yoy as volumes in the domestic markets were quite strong at 73% yoy on low base of last year and demand uptick seen in 2W industry lately. The total volumes in the quarter were up 10% yoy and 20% qoq, while the realizations grew by 17% yoy and dropped by 3% qoq. The sequential drop was on account of negative product mix tilted tow...
Buy Bajaj Auto Ltd For Target Rs. 5,548 - ICICI Securities
Buy Bajaj Auto Ltd For Target Rs. 5,548 - ICICI Securities
Source: ICICI Securities Ltd
29/07/2023 11:24:54 AM
Bajaj Auto rides high on reporting 41% rise in Q1 consolidated net profit Bajaj Auto is currently trading at Rs. 4873.95, up by 30.70 points or 0.63% from its previous closing of Rs. 4843.25 on the BSE. The scrip opened at Rs. 4874.00 and has touched a high and low of Rs. 4900.35 and Rs. 4842.70 respectively. So far 6833 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4988.55 on 13-Jul-2023 and a 52 week low of Rs. 3462.05 on 30-Sep-2022. Last one week high and low of the scrip stood...
Bajaj Auto rides high on reporting 41% rise in Q1 consolidated net profit
Bajaj Auto rides high on reporting 41% rise in Q1 consolidated net profit
Source: Accord Fintech
26/07/2023 3:43:39 PM
Hold Bajaj Auto Ltd For Target Rs. 4,760 - Emkay Global Financial Services BJAUT reported a slight miss on margins in Q1 (down ~30bps QoQ to 19% vs our estimate of 19.4%), owing to normalizing mix; PAT was largely in-line. On the demand front, while exports are expected to improve sequentially, the pace of uptick is seen to be gradual. We believe the recent Triumph launch, while positive, will not move the needle much for BJAUT, even as the weakening domestic ICE-2W franchise and disruptive risk to the 3W space (from EVs) remain structural concerns. This compels us ...
Hold Bajaj Auto Ltd For Target Rs. 4,760 - Emkay Global Financial Services
Hold Bajaj Auto Ltd For Target Rs. 4,760 - Emkay Global Financial Services
Source: Emkay Global Financial Services
26/07/2023 2:31:26 PM
Bajaj Auto Q1 PAT at Rs 1,664 crore Two- and three-wheeler major Bajaj Auto Ltd on Tuesday said it closed the first quarter of FY24 with higher net profit of Rs 1,664.77 crore. In a regulatory filing, Bajaj Auto said that for the period under review, it has logged a total revenue of Rs 10,656.10 crore (against Q1FY23's Rs 8,324.29 crore) and a net profit of Rs 1,664.77 crore (Rs 1,173.30 crore). During the first quarter of FY24, Bajaj Auto had sold about 10.27 lakh vehicles, up from 9.33 lakh units sold during the pre...
Bajaj Auto Q1 PAT at Rs 1,664 crore
Bajaj Auto Q1 PAT at Rs 1,664 crore
Source: IANS
25/07/2023 5:50:42 PM
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion In the last two days, FPIs have sold stocks worth Rs 2,081 crore indicating buying exhaustion, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPI flows have slowed down. This is normal response to the rising dollar index which has moved up to 101.4 from the recent low of 99. Even though Nifty is showing signs of resilience, it is unlikely to race to 20,000 level in the next few days, given the rising dollar and declining FPI inflows. Brent crude spiking to...
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
Source: IANS
25/07/2023 11:17:50 AM
India`s TVS Motor beats Q1 profit view on two-wheeler demand India's TVS Motor reported a bigger-than-expected rise in first-quarter profit on Monday, helped by strong demand for its two-wheelers, including its flagship electric scooter. The Apache motorbike maker reported a near 46% jump in profit to 4.68 billion rupees ($57.2 million) for the quarter ended June 30, beating analysts' average estimate of 4.36 billion rupees, according to Refinitiv IBES data. TVS Motor, which exports two-wheelers to Asia, Africa and America, said its reven...
India`s TVS Motor beats Q1 profit view on two-wheeler demand
India`s TVS Motor beats Q1 profit view on two-wheeler demand
Source: Reuters
24/07/2023 4:19:38 PM
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel Jio Financial Services Limited shares have been valued at Rs 261 apiece; which makes the soon-to-be-listed company India's 32nd most valuable companies. Reliance Industries had kept July 20 as the record date for allotment of its demerging Financial Services business to be named as Jio Financial Services Limited (JFSL). Accordingly, the shareholders of Reliance Industries Limited as on July 20 are set to receive the shares of the newly created JFSL in 1:1 proportion. Thanks to th...
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel
Source: IANS
20/07/2023 4:40:05 PM
Neutral Bajaj Auto Ltd For Target Rs. 4,905 - Motilal Oswal Financial Services Triumph Street launched at aggressive pricing 5k/month capacity, but scalable I More products to follow * BJAUT and Triumph revealed the prices of their co-developed product Speed 400 at INR223k for the first 10k customers. After this initial period, the prices will be set at INR233k. Speed 400 would be available from the second half of Jul’23. Additionally, Scrambler 400, with its pricing yet to be revealed, is scheduled to be launched in Oct’23. These motorcycles would be ...
Neutral Bajaj Auto Ltd For Target Rs. 4,905 - Motilal Oswal Financial Services
Neutral Bajaj Auto Ltd For Target Rs. 4,905 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
6/07/2023 1:02:38 PM
Bajaj Auto launches India-made Triumph bikes, shares jump to record high  India's Bajaj Auto launched two locally-made Triumph motorcycles on Wednesday, two days after Hero MotoCorp unveiled a locally-made Harley model and adding to the competition in the premium space dominated by Eicher Motors' Royal Enfield. The launch of the two models, made in partnership with UK's Triumph Motorcycles, sent Bajaj Auto shares to a record high of 4,900 rupees. The Triumph Speed 400 will be priced at 233,000 rupees ($2,834), Bajaj Auto said, but did not di...
Bajaj Auto launches India-made Triumph bikes, shares jump to record high
Bajaj Auto launches India-made Triumph bikes, shares jump to record high
Source: Reuters
5/07/2023 4:20:37 PM
Bajaj Auto rises on logging over four-fold jump in domestic sales of Chetak in FY23 Bajaj Auto is currently trading at Rs. 4666.00, up by 55.30 points or 1.20% from its previous closing of Rs. 4610.70 on the BSE. The scrip opened at Rs. 4582.05 and has touched a high and low of Rs. 4672.00 and Rs. 4582.05 respectively. So far 6505 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4828.80 on 08-Jun-2023 and a 52 week low of Rs. 3462.05 on 30-Sep-2022. Last one week high and low of the scrip stood...
Bajaj Auto rises on logging over four-fold jump in domestic sales of Chetak in FY23
Bajaj Auto rises on logging over four-fold jump in domestic sales of Chetak in FY23
Source: Accord Fintech
4/07/2023 12:08:16 PM
Accumulate Bajaj Auto Ltd For Target Rs. 4807 - Religare Broking Superior product mix support revenue growth: Bajaj Auto’s Q4FY23 operational revenue came in at Rs 8,905 Cr registering a growth of 11.7% YoY, while on full year basis it grew by 9.9% to report record revenue at Rs 36,428 Cr. The growth was led by the domestic motorcycles especially the Pulsar portfolio, 125+cc category and sports bike category while higher commercial vehicle sales also supported the growth. Consequently, BAL’s average realization came in at Rs 1,04,143/unit which...
Accumulate Bajaj Auto Ltd For Target Rs. 4807 - Religare Broking
Accumulate Bajaj Auto Ltd For Target Rs. 4807 - Religare Broking
Source: Religare Broking Ltd
8/06/2023 4:11:33 PM
India clocks robust SUV sales in May, two-wheeler volumes rise Indian automakers reported robust sales of sport utility vehicles (SUVs) in May on steady demand and saw an uptick in two-wheeler sales on the back of the wedding season and replacement of old bikes and scooters. Mahindra and Mahindra, the country's top SUV maker by market share, reported a 23.5% jump in SUV sales, while sales of the larger and pricier vehicles at Maruti Suzuki, the top carmaker by volumes, grew around 65%. Sales of SUVs propelled India's passenger vehicle (PV) ...
India clocks robust SUV sales in May, two-wheeler volumes rise
India clocks robust SUV sales in May, two-wheeler volumes rise
Source: Reuters
1/06/2023 5:33:53 PM
Auto stocks ride high on improved May sales numbers Stocks related to auto industry were trading higher on improved May sales numbers. SML Isuzu has sold 1290 vehicles in May 2023 as against 1145 vehicles in May 2022, showing a rise of 13% year-on-year, while Bajaj Auto has reported rise of 29% in total sales to 3,55,148 units in May 2023 as against 2,75,868 in the same month last year. Further, Eicher Motors and Volvo Group’s joint venture (JV) company -- VE Commercial Vehicles (VECV) has posted an 11.6% growth in total sales at 62...
Auto stocks ride high on improved May sales numbers
Auto stocks ride high on improved May sales numbers
Source: Accord Fintech
1/06/2023 3:50:55 PM
Bajaj Auto jumps on reporting 29% rise in May sales Bajaj Auto is currently trading at Rs. 4661.20, up by 97.75 points or 2.14% from its previous closing of Rs. 4563.45 on the BSE. The scrip opened at Rs. 4526.35 and has touched a high and low of Rs. 4670.35 and Rs. 4526.35 respectively. So far 7550 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4,670.35 on 01-june-2023 and a 52 week low of Rs. 3462.05 on 30-Sep-2022. Last one week high and low of the scrip sto...
Bajaj Auto jumps on reporting 29% rise in May sales
Bajaj Auto jumps on reporting 29% rise in May sales
Source: Accord Fintech
1/06/2023 12:28:54 PM
Bajaj Auto moves up on reporting 7% rise in April sales Bajaj Auto is currently trading at Rs. 4485.45, up by 56.00 points or 1.26% from its previous closing of Rs. 4429.45 on the BSE. The scrip opened at Rs. 4430.05 and has touched a high and low of Rs. 4490.00 and Rs. 4427.85 respectively. So far 1723 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4,490.00 on 2-May-2023 and a 52 week low of Rs. 3461.30 on 06-May-2022. Last one week high and low of the scrip stood...
Bajaj Auto moves up on reporting 7% rise in April sales
Bajaj Auto moves up on reporting 7% rise in April sales
Source: Accord Fintech
2/05/2023 10:26:14 AM
Neutral Bajaj Auto Ltd For Target Rs. 4,400 - Motilal Oswal Financial Services Exports reviving from the lows | Chetak to ramp-up to 10k/month from Jun’23 * Bajaj Auto (BJAUT) reported better-than-estimated EBITDA margin of 19.3% (nine-quarter high) driven by better product mix. However, we do not expect any material margin expansion in the coming quarters as this largely reflects the benefits of Fx and improved mix. Over the next two quarters, BJAUT has three catalysts for growth: a) Chetak EV ramp-up to 10k/month from Jun’23, b) Triumph product launch, ...
Neutral Bajaj Auto Ltd For Target Rs. 4,400 - Motilal Oswal Financial Services
Neutral Bajaj Auto Ltd For Target Rs. 4,400 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
27/04/2023 11:55:23 AM
Add Bajaj Auto Ltd For Target Rs.4,563 - ICICI Securities Bajaj Auto (BJAUT) has reported stronger-than-expected Q4FY23 earnings, bothat revenue and profitability levels, resulting in 9% beat on consensus EBITDA.Revenue was up 12% YoY at Rs89bn, driven mainly by mix improvement andpricing, resulting in ~27% jump in ASP YoY as against 12% decline in volume. Miximprovement was driven by lower sales of export 2Ws with corresponding  increase in domestic sports bike mix and domestic 3W sales mix. Exports retails have started to improve from Februar...
Add Bajaj Auto Ltd For Target Rs.4,563 - ICICI Securities
Add Bajaj Auto Ltd For Target Rs.4,563 - ICICI Securities
Source: ICICI Securities
26/04/2023 12:30:46 PM
Buy Bajaj Auto Ltd For Target Rs. 4,600 - JM Financial Institutional Securities In 4QFY23, Bajaj Auto EBITDA margin stood at 19.3% (+220bps YoY, +20bps QoQ), 40bps higher than JMFe led by favorable mix. Domestic 2W demand is being led by premium segment (125cc+) and the company expects c.6-8% industry growth during FY24. Introduction of first product with Triumph is expected during 1QFY24, followed by start of deliveries in the subsequent quarters. In e-2W segment, the company is gradually ramping up production and plans monthly run-rate of c.10k units in the near-term. ...
Buy Bajaj Auto Ltd For Target Rs. 4,600 - JM Financial Institutional Securities
Buy Bajaj Auto Ltd For Target Rs. 4,600 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
26/04/2023 10:52:20 AM
Buy Bajaj Auto Ltd For Target Rs. 4,438 - Yes Securities Demand outlook mixed; Gross margins surprised positively   Valuation and View – Not targeting aggressive ramp?up in EVs   BJAUT’s 3QFY23 results were better than expected as EBITDA/adj.PAT beat our/consensus estimates by 14.5%/8%. This was led by sharp 280bp QoQ (+410bp) expansion in gross margins at 29.4% (est 27.6%). With large of RM benefit now part of P&L (~70% gross margins expansion was led by RM softening), we expect the same to stabilize ahead...
Buy Bajaj Auto Ltd For Target Rs. 4,438 - Yes Securities
Buy Bajaj Auto Ltd For Target Rs. 4,438 - Yes Securities
Source: Yes Securities Ltd
9/03/2023 12:58:37 PM
Buy Bajaj Auto Ltd For Target Rs. 4,400 - JM Financial Institutional Securities Ltd Strong operating performance; exports recovery remains key In 3QFY23, Bajaj Auto adj. EBITDA margin stood at 19.1% (+390bps YoY, +180bps QoQ), 140bps higher than JMFe driven by lower RM costs, favorable mix, better USD/INR realization. Domestic 2W volumes were led by premium segment (BJAUT gained c.2% market share QoQ in 125cc motorcycles). The management expects 2W entry segment demand scenario to remain mixed. In e-2W segment, the company is gradually ramping up production while focusing...
Buy Bajaj Auto Ltd For Target Rs. 4,400 - JM Financial Institutional Securities Ltd
Buy Bajaj Auto Ltd For Target Rs. 4,400 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
9/03/2023 12:11:01 PM
January vehicle sales expected to be good: Emkay Global Sales of passenger vehicles (PV), commercial vehicles (CV) in January 2023 are expected to be good as per its channel checks, said Emkay Global Financial Services. According to Emkay Global, it had conducted a channel check to gauge the volumes' estimate for the month of January. The channel checks indicate PV volumes to be higher on healthy order book and ramp-up in production. Further, CVs are likely to maintain their double-digit growth momentum on better freight availability. ...
January vehicle sales expected to be good: Emkay Global
January vehicle sales expected to be good: Emkay Global
Source: IANS
30/01/2023 3:56:00 PM
Neutral Bajaj Auto Ltd For Target Rs. 4,150 - Motilal Oswal Financial Services Strong beat led by mix, Fx and commodity benefits Benefits of softening RM costs largely captured in 3Q performance * Bajaj Auto (BJAUT) witnessed benefits of softening RM prices and favorable FX in 3QFY23, resulting in an eight-quarter high EBITDA margin of 19.1% (vs est. 16.7%). While export markets may take 1-2 quarters to recover, muted demand for domestic entry-level 2W may limit prospects of a healthy allround growth for the company in the near term. * We raise our FY23/FY24 EP...
Neutral Bajaj Auto Ltd For Target Rs. 4,150 - Motilal Oswal Financial Services
Neutral Bajaj Auto Ltd For Target Rs. 4,150 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
28/01/2023 10:42:51 AM
India's Bajaj Finance beats profit estimates as provisions drop Indian shadow lender Bajaj Finance posted a bigger-than-expected rise in third-quarter profit on Friday, helped by a drop in provisions for bad loans and an increase in interest income. The company's consolidated net profit rose 39.9% to 29.73 billion rupees ($364.8 million) in the quarter ended Dec. 31. Analysts on average were expecting a profit of 29.24 billion rupees, according to Refinitiv IBES. Credit off-take has risen in India in recent months, even as lending costs increase...
India's Bajaj Finance beats profit estimates as provisions drop
India's Bajaj Finance beats profit estimates as provisions drop
Source: Accord Fintech
27/01/2023 10:31:51 AM
Buy Bajaj Auto Ltd For Target Rs.4224 - LKP Securities Margins improve on commodities tailwinds; exports pain continues Bajaj Auto Limited (BAL) reported healthy margin performance in Q3 FY23 despite challenging environment in exports markets. Topline growth was down 8.7% qoq and 2.7% up yoy as volumes in the domestic markets were offset by sharp fall in the exports markets. The total volumes in the quarter were down 15% qoq and 17% yoy. while the realizations grew by 23% yoy and 7% qoq on better product mix (tilted towards premium segment of ...
Buy Bajaj Auto Ltd For Target Rs.4224 - LKP Securities
Buy Bajaj Auto Ltd For Target Rs.4224 - LKP Securities
Source: LKP Securities Ltd
27/01/2023 9:59:17 AM
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, inaugurated the 'Ethanol Pavilion' at the Auto Expo here, and said the ethanol blending in petrol was increased up to 10.17 per cent in 2022. The Maruti Suzuki and Toyota Kirloskar Motor, TVS, Hero MotoCorp, Bajaj Auto, Honda Motorcycle, Yamaha and Suzuki motorcycles are displaying their working prototype of flex-fuel vehicles at the pavilion and these vehicles can take a range of ethanol blends varying from 20-85 per...
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister
Source: IANS
13/01/2023 3:53:30 PM
Stock of the day: Sell Bajaj-Auto Jan Futs For Target Rs.3520 By Religare Broking Bajaj Auto Ltd * Seeing mixed trend in the auto pack and BAJAJ-AUTO has been struggling to cross the resistance zone of major moving averages. * It has formed a fresh shorting pivot after the failed attempt to reclaim the 200 EMA on daily chart. * Indications are in the favour of tone to remain negative and retest the 3500 zone soon. * We thus suggest creating fresh shorts in the given range. Sell Bajaj-Auto Jan Futs CMP (Rs):3599.70  Range:3610-3620  SL:3665&nbs...
Stock of the day: Sell Bajaj-Auto Jan Futs For Target Rs.3520 By Religare Broking
Stock of the day: Sell Bajaj-Auto Jan Futs For Target Rs.3520 By Religare Broking
Source: Religare Broking
11/01/2023 11:03:41 AM
IIM Udaipur registers jump in average stipend in summer placements IIM Udaipur registered an average stipend increase of 28.20 per cent in the summer placement of MBA Batch of 2022-24, as a record 319 students secured summer placements. The highest stipend for the batch reached Rs 4 lakh and the average stipend grew by 28.20 per cent to Rs 1.45 lakh. The median stipend for the batch is Rs 1.4 lakh - a significant jump from the previous year. Consulting sector saw a remarkable upswing, in the number of internships increasing by 108 per cent compared to las...
IIM Udaipur registers jump in average stipend in summer placements
IIM Udaipur registers jump in average stipend in summer placements
Source: IANS
10/01/2023 9:18:46 AM
India's utility vehicles sales rise in December, demand for entry-level cars muted India's top automakers in December reported a double-digit rise in the sale of the more expensive utility vehicles, while entry-level cars saw muted demand despite discounts. Auto sales numbers are keenly watched as they are among the key indicators for assessing private consumption, which has more than 50% weightage in calculating the country's economic growth. Utility vehicles (UV), among the fastest-growing segments, saw a 22.3% rise in sales at Maruti Suzuki India and 62.2% at ...
India's utility vehicles sales rise in December, demand for entry-level cars muted
India's utility vehicles sales rise in December, demand for entry-level cars muted
Source: Accord Fintech
2/01/2023 4:24:14 PM
Bajaj Auto declines on reporting 22% fall in December sales Bajaj Auto is currently trading at Rs. 3552.30, down by 63.60 points or 1.76% from its previous closing of Rs. 3615.90 on the BSE. The scrip opened at Rs. 3626.95 and has touched a high and low of Rs. 3626.95 and Rs. 3524.00 respectively. So far 4477 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4130.15 on 01-Sep-2022 and a 52 week low of Rs. 3125.80 on 07-Mar-2022. Last one week high and low of the scrip sto...
Bajaj Auto declines on reporting 22% fall in December sales
Bajaj Auto declines on reporting 22% fall in December sales
Source: Accord Fintech
2/01/2023 12:49:25 PM
Stock of the day: Buy Bajaj Auto Ltd For Target Rs.50 By Religare Broking * Auto Pack is witnessing a mixed trend wherein Bajaj-Auto is trading weak. * It’s been gradually inching lower after failed attempts to reclaim 200 EMA. * Indications are in the favour of prevailing trend to continue. * We thus suggest creating short position through the Put option. BUY Bajaj Auto Ltd CMP (Rs):27  Range:22-25  SL:12  Target:50 Technical Chart :       To Read Complete Report & Disclaimer Cli...
Stock of the day: Buy Bajaj Auto Ltd For Target Rs.50 By Religare Broking
Stock of the day: Buy Bajaj Auto Ltd For Target Rs.50 By Religare Broking
Source: Religare Broking Ltd
19/12/2022 11:29:38 AM
India`s Mahindra to set up $1.2 billion electric vehicle plant in Pune Indian automaker Mahindra and Mahindra Ltd said on Wednesday it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle manufacturing plant in Pune as part of its aggressive push in the country's EV space. India's car market is tiny compared to its population, with electric models making up just 1% of the total annual car sales of about 3 million, but the government wants to grow this to 30% by 2030. The Mumbai-headquartered conglomerate said it had gotten ...
India`s Mahindra to set up $1.2 billion electric vehicle plant in Pune
India`s Mahindra to set up $1.2 billion electric vehicle plant in Pune
Source: Reuters
14/12/2022 12:05:02 PM
India`s retail vehicle sales jumps 26% in November - FADA The festive and wedding season in India helped boost the country's total retail vehicles sales by 26% in November from a year ago, according to data from industry body Federation of Automobile Dealers Associations (FADA). Three-wheelers sales notched the biggest jump in November, FADA data showed, with sales surging 80%, followed by tractor sales, which grew 56.8%. Sales of commercial vehicles rose 32.8%, while the smallest gains were in two-wheelers and passenger vehicles, at 23.6%...
India`s retail vehicle sales jumps 26% in November - FADA
India`s retail vehicle sales jumps 26% in November - FADA
Source: Reuters
9/12/2022 12:48:19 PM
India November auto sales: car, tractor, truck sales rise The festive season helped drive strong overall sales at most Indian automakers in November, with market leader Maruti Suzuki posting a 14.3% jump for the month. Auto sales numbers are keenly watched as they are among the key indicators for assessing private consumption, which has a more than 50% weightage in calculating the country's economic growth. India's inflation has remained at elevated levels well above the Reserve Bank of India's upper tolerance band of 6%, but has r...
India November auto sales: car, tractor, truck sales rise
India November auto sales: car, tractor, truck sales rise
Source: Reuters
1/12/2022 8:28:08 PM
Ambit announces big upgrades and downgrades With the second quarter results season over, Ambit Capital has come out with its upgrades and downgrades report among NSE200 companies. According to Ambit, the biggest upgrades include: Indian Oil Corporation, Trent, Zomato, Bajaj Auto and Gujarat Gas. The Indian Oil upgrade is driven by better-than-expected performance owing to liquified petroleum grand (LPG) grant and highest refining coverage as against other oil marketing companies which would also benefit in 2H. Trent upgrades f...
Ambit announces big upgrades and downgrades
Ambit announces big upgrades and downgrades
Source: IANS
29/11/2022 5:33:22 PM
Bajaj Auto logs lower sales in October Chennai, Nov 1 Two and three-wheeler major Bajaj Auto Ltd logged lower sales volume last month at 3,95,238 vehicles as compared to the corresponding period previous year. In a regulatory filing on Tuesday, the company said it had sold 3,95,238 units (domestic 2,42,917 units, exports 1,52,321 units) last month down from 4,39,615 (domestic 2,18,565 units, exports 2,21,050 units) sold in October 2021. For the seven-month period this fiscal Bajaj Auto has sold 24,79,896 units (domestic...
Bajaj Auto logs lower sales in October
Bajaj Auto logs lower sales in October
Source: ians
1/11/2022 2:23:46 PM
Buy Bajaj Auto Ltd For Target Rs. 4,100 - Emkay Global Financial Services Weak exports remain a concern; maintain HOLD Q2FY23 EBITDA for Bajaj Auto grew 26% YoY to Rs17.6bn, clocking 6% above our estimate due to the revenue beat and lower-than-expected employee expenses. Revenue increased by 16% to Rs102bn, coming in 4% above our estimates on better geographical-mix in exports and higher incentives (both, production & export incentives). Going forward, we expect a 5% volume CAGR over FY22-25 (which is lower than the 8-11% CAGR for peers such as TVSL and HMCL...
Buy Bajaj Auto Ltd For Target Rs. 4,100 - Emkay Global Financial Services
Buy Bajaj Auto Ltd For Target Rs. 4,100 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
20/10/2022 11:22:28 AM
Samvat 2079: Fundamental Diwali Picks By Choice Broking Bajaj Auto Ltd. Headquarters in Pune, Bajaj Auto Ltd. (Baja Auto) is the flagship company of Bajaj Group, engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof in more than 79 countries. It is the world’s sixth-largest manufacturer of motorcycles and the secondlargest in India. It holds 48% of the KTM Brand, which manufactures sports and super sports two-wheelers. ...
Samvat 2079: Fundamental Diwali Picks By Choice Broking
Samvat 2079: Fundamental Diwali Picks By Choice Broking
Source: Choice Broking Pvt Ltd
19/10/2022 5:23:18 PM
Buy Bajaj Auto Ltd For Target Rs. 4,250 - JM Financial Institutional Securities Strong operating performance; domestic volumes to remain supportive In 2QFY23, Bajaj Auto adj. EBITDA margin stood at 17.2% (+260bps YoY, +100bps QoQ), 70bps ahead of JMFe owing to favorable mix, better USD/INR realization and lower than expected impact of RM inflation. Domestic 2W volumes recovered during 2Q and are expected to further improve during 3Q owing to festive related demand. ECU supplies have almost normalized to 98% during 2Q helping company regain retail market share (increas...
Buy Bajaj Auto Ltd For Target Rs. 4,250 - JM Financial Institutional Securities
Buy Bajaj Auto Ltd For Target Rs. 4,250 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
18/10/2022 12:28:47 PM
Buy Bajaj Auto Ltd For Target Rs.3,910 - ICICI Direct Steady performance; gradual volume recovery seen About the stock: Bajaj Auto (BAL) is the second largest motorcycle manufacturer, largest 3-W OEM domestically (FY22 market share at 18.2%, 61.5%, respectively). * Exports comprised ~58% of FY22 volumes; 2-W:3-W mix at ~89:11 (overall) * Strong b/s with ~| 15,500 crore cash on books (H1FY23), history of ~20% return ratios & one of the highest dividend yields among Nifty stocks Q2FY23 Results: BAL reported a steady performance in ...
Buy Bajaj Auto Ltd For Target Rs.3,910 - ICICI Direct
Buy Bajaj Auto Ltd For Target Rs.3,910 - ICICI Direct
Source: ICICI Direct Ltd
17/10/2022 4:07:27 PM
Buy Bajaj Auto Ltd For Target Rs. 4,223 - Yes Securities Outlook – Exports mixed, domestic improving    Valuation and View BJAUT’s 2QFY23 results were in line as revenue/EBITDA/Adj. PAT grew 16.4%/25.5%/20% YoY. ASPs continue to grow for third consecutive quarter by healthy 3.4% QoQ at record Rs88.6k/unit led by + fx and higher other operating income. Gross margins contraction by 120bp QoQ at 26.6% (est 28.4%) surprised negatively led by weaker product mix. However, it should expand QoQ as RM headwinds are behind wi...
Buy Bajaj Auto Ltd For Target Rs. 4,223 - Yes Securities
Buy Bajaj Auto Ltd For Target Rs. 4,223 - Yes Securities
Source: Yes Securities Ltd
17/10/2022 1:52:24 PM
Buy Bajaj Auto Ltd For Target Rs. 569 - Motilal Oswal Financial Services Worst behind in both exports and India Commodity/Fx to drive margins | Completes share buyback * Bajaj Auto (BJAUT)’s 2QFY23 witnessed a good all-round performance, driven by favorable FX and operating leverage. While domestic outlook is improving, exports have bottomed out in 2QFY23. The on-going buy-back of shares, which supported the stock price, is now complete. * We largely maintain our EPS for FY23E/FY24E. We reiterate our Neutral rating with a TP of INR4,000 (based on 16...
Buy Bajaj Auto Ltd For Target Rs. 569 - Motilal Oswal Financial Services
Buy Bajaj Auto Ltd For Target Rs. 569 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
17/10/2022 11:59:16 AM