Two-wheeler major Bajaj Auto reported a consolidated net profit of Rs 1,942 crore (attributable to shareholders of the company) for the quarter ended June 30, 2024, marking an 18% increase from Rs 1,644 crore reported in the year-ago period. Consolidated revenue from operations for the quarter stood at Rs 11,932 crore, reflecting a 16% rise …
Shares of two and three-wheeler auto companies were in focus during the trading session on Thursday after the auto companies announced strong sales numbers for the month of April 2024 on Wednesday, May 1. All the auto companies report their monthly sales figures on the first day of the new month. Companies like TVS Motors …
Brokerage firm UBS has upgraded Eicher Motors Ltd., the manufacturer of Royal Enfield and other commercial vehicles to “buy” from its earlier rating of “neutral.” UBS has also raised its price target on the stock to ₹5,000 from ₹4,300 earlier. The revised price target implies a potential upside of 34% from Tuesday’s closing levels for …
Nifty 50 vs GDP of India: The key benchmark indices of the Indian stock market surged to a new high after India’s Q3 GDP growth saw an impressive growth rate of 8.4% driven by robust manufacturing, highlighting the inherent strength and potential of our economy. However, the domestic equities got some support from the US …
Bajaj Auto buyback: Bajaj Auto shares are trading ex-buyback today. As per the information shared by the Indian auto major with the Indian stock market exchanges, the board of directors of Bajaj Auto has fixed the record date for Bajaj Auto buyback on 29th February 2024 i.e. today. This means, those who hold Bajaj Auto …
FB Ind: Net Profit at Rs 17.5 cr vs loss Rs 1.14 cr, Revenue at Rs 1161 cr vs Rs 999 cr (YoY) Shakti Pumps: Net Profit at Rs 45.2 cr vs Rs 11.2 cr, Revenue at Rs 496 cr vs Rs 314 cr (YoY) Dodla Dairy: Net Profit at Rs 41.3 cr vs Rs …
Bajaj Auto, a prominent player in the two and three-wheeler industry, announced that its board has approved a share buyback program amounting to ₹4,000 crore, with shares priced at ₹10,000 each, on January 8,. This represents a premium of 43 percent compared to the last closing price. The company is set to acquire 40 lakh …
Shares of Bajaj Auto Limited traded 1 per cent higher to Rs 7,043 on January 8 as the company’s board of directors are set to meet and consider a share buyback proposal. In a regulatory filing last week, Bajaj Auto informed, “The meeting of the Board of Directors of the Company is scheduled on 08/01/2024, …
Bajaj Auto Ltd shares rose sharply in Wednesday’s trade to scale their one-year high level. The stock surged 5.96 per cent to hit a 52-week high of Rs 7,059.75 over its previous close of Rs 6,662.50. The bikemaker, in a BSE filing, said it will consider a proposal for buyback of equity shares. “We wish …