After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more
Grasim Industries. Share Price 2168.60 03:59 PM | 19 Feb 2024 62.95(2.99%) Bajaj Finserv. Share Price 1620.15 04:07 PM | 19 Feb 2024 44.25(2.81%) Bajaj Auto. Share Price 8509.70 03:59 PM | 19 Feb 2024 184.66(2.22%) Cipla. Share Price 1470.35 04:07 PM | 19 Feb 2024 29.65(2.06%) ICICI Bank. Share Price 1043.75 03:59 PM | … Read more
Bajaj Auto is gearing up to update its popular Pulsar lineup, and the rumour mill is already buzzing with excitement. The company has released cryptic teasers of the upcoming motorcycle, which seems to be the NS200 model. While specific details are still under wraps, the teaser hints at several new features and upgrades. From the … Read more
India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more
New Delhi: Bajaj Auto is developing a portfolio of CNG motorcycles, and the first such bike will hit the market next fiscal under a new brand, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. The company wants the government to consider lowering GST on such CNG bikes — which will serve as a bridge … Read more
Bajaj Auto shares jumped nearly 4% to hit their 52-week high of Rs 7,499 on Thursday, notwithstanding scepticism expressed by a couple of top domestic brokerages following the auto major’s Q3 results.While Kotak Institutional Equities recommended a ‘Sell’ rating and slashed the target price, Nuvama stuck to its ‘Hold’ stance. JM Financial retained its buy … Read more
After a decent set of results from IT heavyweights TCS, Infosys and HCL Tech, investors are eagerly awaiting the quarterly numbers from Tech Mahindra, which will report its earnings today. However, the expectations from the company seem to be modest for the third quarter.Tech Mahindra may report sequential decline in overall revenue and constant currency … Read more
After falling 7-14% in Tuesday’s trade, shares of Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India surged in Wednesday’s trade between 3-7% ahead of the Union Budget 2024.According to the analysts, the sharp rally in the railway pack was attributed … Read more
Bajaj Auto has brought Husqvarna Motorcycles much-anticipated 2024 models of Svartpilen 401 and Vitpilen 250 into India. This latest range represents a comprehensive redesign, featuring entirely new engines, chassis, advanced technology, and updated styling. The Svartpilen 401, a dynamic Scrambler, is equipped with a powerful 399 cc 45 HP engine, premium paint finish, adjustable WP … Read more
Still, timing of a buyback, regardless of the size, is key, as the response hinges on the timing of the exercise. Synopsis Data sourced from Prime Database reveals that 48 companies spent ₹48,079 crore on buying back their stocks in 2023 – a year when the benchmark Nifty 50 appreciated over 20%. This is second … Read more
