Bajaj Auto

June 02, 2023 04:44 PM IST

Gainers & Losers: 10 stocks that moved the most on June 2

The benchmark indices snapped a two-day losing streak to end higher but for the week, the Sensex and the Nifty ended flat. About 2,121 shares advanced, 1,327 declined and 124 remained unchanged on June 2

Electric two-wheeler sales cross 1 lakh mark in May as subsidy cut sparks buying rush

Sales rose 147 percent year on year to hit a record of 104,845 units in May, as the government announced a subsidy reduction effective June 1

Wedding season, pre-buy of EVs drive domestic two-wheeler demand

On an aggregate basis, volumes increased 7 percent YoY for Hero MotoCorp, 9 percent for TVS Motor and 22 percent for Royal Enfield

Bajaj Auto rides on strong May sales, stock touches 52-week high

Shares of Bajaj Auto also rose in the previous session as investors cheered an increase in total sales for May.

Nifty, Sensex off day’s low; Autos, Apollo Hospitals, Coal India in focus | Mid-day Mood Check

Nifty is hovering around the 18,550 mark amid volatility on expiry day. Broader markets is where all the action is given the outperformance by Mid and small-cap indices. Apollo Hospitals, Divi's Lab, Bajaj Auto, Hero Moto, and HUL are among the top gainers, while Coal India, Kotak Bank, Bharti Airtel, Britannia, and Maruti are under selling pressure today. India's Q4 GDP expanded by 6.1%, and FY23 GDP grew by 7.2% YoY, beating govt projection of 7%. The manufacturing sector showed strength, with the May manufacturing PMI reaching a 31-month high at 58.7. May auto sales figures are trickling in with Bajaj Auto reporting 29% rise in sales, while Escorts Kubota saw an 8.9% sales increase on a YoY basis. Coal India under selling pressure as the government initiates an offer for sale (OFS) to divest up to 3% stake. K Krithivasan takes charge as CEO of TCS from today. Catch this mid-day market mood check between Nandita Khemka & Yatin Mota to know more about all the buzzing stocks in today’s session!

Bajaj Auto May sales up 29% at 3,55,148 units

The company had sold a total of 2,75,868 units in May 2022, Bajaj Auto said in a statement.

Bajaj Auto share price gains nearly 2% on better sales data

The commercial vehicles sales were up 80 percent at 47,452 units versus 26,369 units, YoY.

Enough signals from government that FAME is on last legs, says Bajaj Auto's Rakesh Sharma

Rakesh Sharma said that for Bajaj Auto, the restructuring of FAME will lead to a Rs 20,000 reduction in subsidy per scooter. The company is evaluating how to address this subsidy cut in vehicle pricing.

Contrarian calls | Bajaj Auto, UltraTech, CIL catch investor fancy despite analysts stepping up on downgrades

On the other hand, analysts are rooting for Reliance Industries, TCS, HUL, Wipro and Bajaj Finance citing various factors amid a drop in their share prices.

Bajaj Auto capex this year to be largely on building E3W capabilities: CFO

The company’s electric three-wheelers (E3Ws) will be introduced soon in both the passenger and cargo categories in select locations in the first phase.

A mixed run for automobiles in April 2023

Inventory correction leads to a drop in MoM numbers in the CV segment; PVs and premium bikes do well

Electric two-wheeler sales skid in April 2023 on subsidy withdrawal; Ola Electric bucks the trend

As many as 14 E2W manufacturers are reportedly under the government’s scanner for allegedly claiming FAME-II subsidies in violation of minimum localisation norms

Two-wheeler sales rev up in April led by strong show in home market

Bajaj Auto reported a 95 percent jump in sales in the domestic market. TVS Motor saw domestic sales surge 29%, while Suzuki recorded 23% year-on-year growth. Hero MotoCorp, however, disappointed on all counts.

Bajaj Auto April total sales rise 7% to 3,31,278 units

The company had posted a total sales of 3,10,774 units in April 2022, Bajaj Auto said in a regulatory filing.

April volumes: Maruti Suzuki, Eicher Motors up, and Tata Motors, Hero MotoCorp down

Maruti Suzuki, Eicher Motors, Bajaj Auto reported good domestic sales numbers in the month of April.

Bajaj Auto to boost Chetak's production to 10,000 units a month by June

The company plans to have around 150 exclusive outlets for the Chetak electric scooter by September, and is taking a calibrated expansion keeping in mind the uncertainty over the extension of FAME II scheme for promotion of electric vehicles beyond this fiscal.

Accumulate Bajaj Auto; target of Rs 4756: KR Choksey

KR Choksey recommended accumulate rating on Bajaj Auto with a target price of Rs 4756 in its research report dated April 27, 2023.

Hold Bajaj Auto; target of Rs 4530: ICICI Direct

ICICI Direct recommended hold rating on Bajaj Auto with a target price of Rs 4530 in its research report dated April 26, 2023.

Neutral Bajaj Auto; target of Rs 4400: Motilal Oswal

Motilal Oswal recommended Neutral rating on Bajaj Auto with a target price of Rs 4400 in its research report dated April 25, 2023.

Hold Bajaj Auto; target of Rs 4420: Emkay Global Financial

Emkay Global Financial recommended hold rating on Bajaj Auto with a target price of Rs 4420 in its research report dated April 26, 2023.

Buy Bajaj Auto; target of Rs 4696: LKP Research

LKP Research is bullish on Bajaj Auto has recommended buy rating on the stock with a target price of Rs 4696 in its research report dated April 26, 2023.

Buy Bajaj Auto; target of Rs 4782: Sharekhan

Sharekhan is bullish on Bajaj Auto has recommended buy rating on the stock with a target price of Rs 4782 in its research report dated April 25, 2023.

Reduce Bajaj Auto; target of Rs 4028: HDFC Securities

HDFC Securities recommended reduce rating on Bajaj Auto with a target price of Rs 4028 in its research report dated April 25, 2023.

Hold Bajaj Auto; target of Rs 4130: Prabhudas Lilladher

Prabhudas Lilladher recommended hold rating on Bajaj Auto with a target price of Rs 4130 in its research report dated April 26, 2023.

Bajaj Auto Consolidated March 2023 Net Sales at Rs 8,929.23 crore, up 11.97% Y-o-Y