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 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
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