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
Shares of Bajaj Auto jumped over 5% to hit a 52 week high of Rs 5,395 on the NSE on Thursday as the Street cheered BofA’s post earnings commentary on the stock and its upward revision of the price target. The domestic brokerages have kept a mixed view on the two-wheeler stock. In the domestic … Read more
MUMBAI: For two-wheeler industry players, the last couple of years have been tough as soaring inflation hurt rural demand and also compressed profitability of companies significantly. But these challenges did not hold back Dalal Street bulls from buying stocks of two-wheeler companies, particularly Bajaj Auto. Shares of Bajaj Auto is the 3rd best performing stock … Read more
Shares of climbed 7.4% to Rs 3,993 in Friday’s trade on BSE after the company reported a nearly 23% year-on-year (YoY) rise in net profit for the quarter ended December to Rs 1,491.42 crore. Its revenue from operations rose 3.3% YoY to Rs 9,315.14 crore whereas EBITDA increased by a sharp 29.4% YoY to Rs … Read more
Brokerage firm Jefferies maintained a buy rating on , Morgan Stanley has an overweight rating on Dr Reddy’s Laboratories, Nomura maintained a buy on , and Nirmal Bang has a buy rating on post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Bajaj … Read more
Indian market closed in the red on Wednesday amid muted global cues and F&O expiry. The S&P BSE Sensex fell more than 700 points while the Nifty50 failed to hold on to 17900 levels. Sectorally, selling was seen in utilities, power, banks, telecom, and the public sector. Stocks that were in focus include names like … Read more
Shares of 2/3-wheeler major dropped over 4% to Rs 3,595.5 in Thursday’s intraday trade on the BSE after the company reported a 19.3% fall in November sales. Sales of Bajaj Auto stood at 3.06 lakh units in November 2022 against 3.79 lakh units in November 2021. Its exports also fell 30% to 1.53 lakh units … Read more
MUMBAI: With state after state announcing night curfew, the managements of hospitality companies are a worried lot. A year ago the general notion was that if the vaccination rate goes up, there will not be a need to curb travel and tourism. However, Omicron, which seems to not care if you are jabbed or not, … Read more