Baja Auto News Today

While brokerages lauded Bajaj Autos stellar earnings report for January-March, many maintained a sell rating on the stock, citing target prices significantly lower than the current market value

Under the offer, Baja Auto will buy 40 lakh fully paid-up equity shares of the company at Rs 10,000 per equity share. However, the aggregate amount that will be used for buyback of shares will not be more than 4,000 crore.

Following the announcement, shares of rate-sensitive sectors like banking, financial services, automobile and real estate posted strong gains after the announcements.

Tepid exports recovery, margin worries, EV subsidy reduction and rising competition in entry segments are among the concerns.

CLSA revised its outlook on the stock to a

The auto makers total 2-wheeler sales saw a drop of 7 per cent whereas the sales of commercial vehicles rose by 52 per cent.

The KTM Duke 200 has been updated with new LED headlamps which first debuted with the Duke 390., Bike News News, Times Now

IT stocks jumped at the open, as the sector climbed 0.31 per cent. TCS was among the top gainers in the morning trade.

Bajaj Auto also announced a dividend at the rate Rs 140 per share of face value of Rs 10 each on equity shares for the financial year ended March 31, 2023.

The winners in the early trading session were Tata Motors, Titan, LT, ICICI Bank and the losers list included Nestle, HDFC Bank, Infosys and Maruti.