Bajaj Auto shares slipped as much as 13.31 per cent to hit an intraday low of ₹10,071 per share on Thursday. The decline followed a mixed response from both domestic and international brokerages to Q2 results and a weak start to the festive season. The stock ended the day with losses of 12.87 per cent and closed at ₹10,122 a share.
The company's operating profit missed the Street estimates due to a weak product mix in the Indian and global markets on a sequential basis, though the impact was softened by cost control measures.
The BSE Auto index was the worst performer among sectoral indices, slipping as much as 3.56 per cent to an intraday low of 56,731.79 before settling 3.48 per cent lower at 56,781.64. In comparison, BSE Sensex closed 0.61 per cent lower at 81,006.61.
هذه القصة مأخوذة من طبعة October 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Flls unlikely to return to India soon as China lures
Incremental foreign flows may stay with China in short to medium term: Analysts
Adani Green, BHEL, Airtel turn attractive in sharp market fall
The sharp fall in stock markets since the September 2024 peak has made valuations attractive for a number of stocks in the large, mid, and smallcap segments, suggest analysts, who believe the time could be ripe for investors to start cherry picking from a long-term horizon.
AI vs jobs: Split verdict from CEOs
Double-Edged Sword India's tech workforce at a crossroads
Nasa's new telescope to create 'most colourful' map of cosmos
Nasa will soon launch a new telescope which it says will create the \"most colourful\" map of the cosmos ever made.
PROMOTER PLEDGING IN BSE 500 SLIPS IN Q3
Promoter pledged holdings have been on a decline amid the ongoing market selloff.
Markets shed over 1% to hit fresh 8-month lows
Decline in 13 of last 14 sessions; Nifty may end in red for a record 5th month
India Among Nations Most Vulnerable to US Tariffs: S&P
S&P Global Ratings on Monday said several Asia-Pacific economies could face higher tariffs under the Trump administration, while India, South Korea, and Thailand could be most vulnerable to trade retaliation.
Citi Goes Overweight on Indian Stocks
Citigroup Inc upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia.
296 INTERNET SHUTDOWNS WITNESSED ACROSS 54 COUNTRIES IN 2024
Global tech policy and internet rights advocacy group Access Now and the #KeepItOn campaign documented 296 internet shutdowns across 54 countries in 2024.
Indorama Ventures to buy 24.9% in EPL from Blackstone To acquire stake for ₹1,910 crore
Chemical producer Indorama Ventures is set to acquire a minority stake of approximately 24.9 per cent in speciality packaging company EPL Ltd from American private equity major Blackstone for ₹1,910 crore ($221 million), according to a press statement.
