Bajaj unveils world’s first CNG-powered motorbike
Motorcycle is run by 125 CC engine. Two-wheeler major Bajaj Auto on Friday launched the world’s first CNG motorcycle — Freedom 125, in three variants.... Key Points
The Tribune IndiaStock market closes on negative note as Sensex ends winning streak
India Business News: The stock market ended on a negative note due to weak global sentiment and profit booking in IT shares. The BSE Sensex dropped by 195.16 points, and t Key Points
Times Of IndiaBajaj Finance shares plunge 5% on Q3 asset quality woes. Should you buy?
Shares of Bajaj Finance dropped nearly 5% on the NSE after reporting higher loan losses and provisions for the quarter. Macquarie reiterated 'Neutral' stance, while Jefferies and PhillipCapital gave 'Buy' ratings. Bajaj Finance's Q3 consolidated net profit grew 22% YoY to Rs 3,639 crore, slightly below expectations. Macquarie expects credit costs to increase as delinquencies normalize. Jefferies maintains 'Buy' rating with a target of Rs 9,400, citing strong AUM growth and better NIMs. Key Points
Economic TimesBajaj, TVS vroom to record profits in Q3
Bajaj Auto's revenue from operations grows 30% YoY to ₹12,114 crore in Q3FY24, with profits up 37% YoY to ₹2,042 crore and Ebitda margins at 20.1%. TVS Motor's revenue rises 26% YoY to ₹8,245 crore, with net profit up 68% to ₹593.35 crore. Key Points
mintBajaj Auto Q3 results today: What to eye in the fineprint; how to trade the stock?
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company's shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore. Key Points
Economic Times
Bajaj fifth group to achieve Rs 10 trillion in market value
This surge can be attributed to the robust performance of three companies — Bajaj Auto, Maharashtra Scooters and Bajaj Finance. Bajaj Autos shares have rallied 70% this year, while Maharashtra Scooters advanced 74%. The conglomerates flagship entity, Bajaj Finance, has gained 14%, and Bajaj Finserv has risen 10%. Key Points
Economic TimesOver next 20 years, can Trent give 2000x that Titan gave in last 20 years? Saurabh Mukherjea answers
I wouldnt worry about RBI rap on Bajaj Finances knuckles. At the most, it going to impact around 2% of Bajaj Finance books and if the management expeditiously deals with the issue, the impact on a full year profit should be hopefully less than 1%. A new addition, Trent has many more engines than the market understands it to have.” Key Points
Economic TimesIndia's Bajaj Electricals posts plunge in Q2 profit on weak demand, stiff competition
India's Bajaj Electricals (BJEL.NS) posted a 56% fall in its second-quarter profit on Monday, hurt by pricing pressures due to stiff competition and muted demand caused by a delayed festive period. Key Points
ReutersNCLT dismisses insolvency petition filed against Bajaj Hindusthan Sugar
National Company Law Tribunal (NCLT) has dismissed an insolvency petition against Bajaj Hindusthan Sugar Limited, one of the top sugar producers in the country, according to an order posted on its website on Wednesday. The petition was originally filed by State Bank of India (SBI) in September last year, claiming that the sugar producer had defaulted on loans amounting to Rs. 5,000 crore. Key Points
Economic TimesIndia's Bajaj Auto shares hit record high as three-wheelers drive Q2 profit beat
Shares of Bajaj Auto (BAJA.NS) rose as much as 5.6% to a record high on Thursday after the company reported a better-than-expected quarterly profit as cost cuts and better sales of high margin three-wheelers helped, while analysts signaled a recovery in its exports business. Key Points
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Weak bike sales drag India's Bajaj Auto to Q2 revenue miss
India's Bajaj Auto (BAJA.NS) on Wednesday reported its slowest second-quarter revenue growth in three years and missed estimates as price hikes failed to offset a dip in overall sales volume. Key Points
ReutersBajaj Finance Q2 earnings meet Street estimates. Should you buy this stock?
Bajaj Finance shares declined even as the NBFC firm posted a strong performance in the September quarter. While Jefferies and CLSA reiterated their buy views on Bajaj Finance, domestic brokerage Motilal Oswal remains the most bullish in terms of targets among others. However, the chinks in its armour remain on the margins front, according to analysts. Key Points
Economic TimesBajaj Finance Q2 Preview: Net profit may rise 31% YoY; fund utilisation plan eyed
Bajaj Finance Q2 preview: Bajaj Finance is seen reporting a 31% year-on-year (YoY) rise in consolidated net profit for the September quarter to Rs 3,632 crore, according to the average of estimates given by seven brokerage houses. Net interest income, the difference between interest earned and interest expended, may grow a modest 5% YoY to Rs 7,340 crore. Key Points
Economic TimesBajaj Finance to raise Rs 10,000 crore via QIP, convertible warrants
The company plans to raise up to Rs 8,800 crore through the QIP issue, and Rs 1,200 crore via convertible warrants. Bajaj Finance will receive 25% of the total consideration from the parent during the time of subscription and allotment of warrants, while the remaining will be payable on exercise of the options against the warrants, the company said in a release. Key Points
Economic TimesIndia's Bajaj Finance to raise $1.2 bln via share, warrant issue
Indian non-bank lender Bajaj Finance (BJFN.NS) said on Thursday it will raise up to 100 billion rupees ($1.20 billion) by issuing shares to institutional investors and warrants to its largest shareholder. Key Points
Reuters
Bajaj Hindusthan plans to infuse fresh equity into business: Chairman Kushagra Bajaj
Bajaj Hindusthan Sugar, one of India's largest sugar and ethanol producers, is looking to turn the corner by putting its debt issues behind. In an interview, chairman Kushagra Bajaj told ET's Deborshi Chaki about the group's plans to infuse fresh equity into the business, which will entail zero haircut for the lenders. Key Points
Economic TimesBajaj Finance shares zoom 8% to hit 52-week high. What's cooking?
Shares of Bajaj Finance surged 8% to reach a 52-week high of Rs 7,916.70 following a positive quarterly update. The company reported a 34% increase in new loans booked during Q1 compared to the same quarter last year. Bajaj Finance also recorded the highest-ever quarterly growth in assets under management, which reached approximately Rs 270,050 crore. Its customer base also grew to 72.98 million. With the stock's impressive performance in recent years, global brokerage firm Jefferies reiterated its buy rating and target price of Rs 8,310. Key Points
Economic TimesBajaj Finserv Mutual Fund launched
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, “We are committed to being a full-stack financial solutions provider to meet Indias growing needs and building deeper, long-term relationships with customers who are already invested in us. The launch of asset management helps diversify our retail franchise and leverage Bajaj Finserv companies combined strength in financial services across a much larger customer base.” Key Points
Economic TimesBajaj Finserv Share Price Live blog for 02 Jun 2023
Bajaj Finserv stock price went down today, 02 Jun 2023, by -0.16 %. The stock closed at 1452.7 per share. The stock is currently trading at 1450.4 per share. Investors should monitor Bajaj Finserv stock price closely in the coming days and weeks to see how it reacts to the news. Key Points
MintBajaj Electricals to increase its play in the premium segment
Bajaj Electricals plans to launch new premium products to increase its revenue contribution from upscale products. The company will be launching a Morphy Richards range in the latter half of this year. Its recent launch of a new brand, 'Nex,' targets upscale consumers with its premium range of appliances. Bajaj Electricals looks to focus on brand upliftment and product premiumisation by launching new products to grow market share. Key Points
Economic Times
Bajaj Electricals looks to improve margins
He said in the past six months, the company has repositioned and relaunched its two largest brands - Bajaj and Morphy Richards - and has just launched a new premium and aspirational brand Nex. Next, the company will reposition its cookware brand Nirlep. As of 2021-22, the margin of the consumer business was 6.8%. The company is yet to announce its 2022-23 financials. Key Points
Economic TimesAnalysts divided over Bajaj Finance despite strong Q4
Shares of the Sanjiv Bajaj-led company advanced 2.38% on the NSE on Thursday to close at its two-month high of ₹6,200 per share. More than 29 lakh shares were traded on the BSE and NSE, up 2.6 times its combined average daily volume for the last one month. Key Points
Economic TimesBajaj Finance shares rise 3% after Q4 results. Should you buy, sell or hold?
Bajaj Finance shares rose 3% following the firm's announcement of its consolidated net profit of INR 3,158 crore for the quarter ended 31 March, a 30% YoY increase. Its net interest income surged 28% to INR 7,771 crore YoY, while its assets under management rose 29%. The firm recommended a dividend of INR 30 per share for the year ending March. Analysts largely suggest holding onto the stock while Jefferies maintained its 'buy' rating due to its potential to enter the credit card market and favourable risk-reward outlook. Key Points
Economic TimesIs Bajaj Auto stock a buy after Q4? Brokerages remain divided in their views; here's what they say
Bajaj Auto beat Street estimates but most brokerage firms retained their views on the stock after the Q4 numbers. Some of them see the stock buy-worthy at this juncture while some believe the stock has limited upside potential from the current market price. Key Points
mintBajaj Auto Q4 beat: Should you buy, sell or hold the stock?
Despite recording stronger-than-expected Q4 earnings, Bajaj Auto shares fell. The company has seen some market share losses in premium bikes and exports. Jefferies analyst Nitij Mangal sees multiple tailwinds, including the rebound of domestic demand and gradual export recovery. Key Points
Economic Times
Bajaj Auto share price tanks 1.4% after Q4 net profit falls 2.5%; Should you buy, sell or hold Bajaj Auto stock?
Bajaj Auto shares have risen nearly 13% in the past one month and 11% in the last one year. Meanwhile, the company’s board has approved the reappointment of Rakesh Sharma as whole-time director. Key Points
FinancialexpressIndia's Bajaj Auto reports Q4 profit drop on sluggish exports
India's Bajaj Auto Ltd reported a 2.5% drop in fourth-quarter profit on Tuesday, as exports of its two- and three-wheelers took a hit due to the impact of high inflation in several of its overseas markets. Key Points
ReutersBajaj Finance new loan bookings up 20% YoY in Q4, core AUM grows 29%
The companys core assets under management or AUM as of March 31 stood at Rs 2.47 lakh crore, 29% higher from the year-ago period. In the quarter ended March, the AUM grew by approximately Rs 16,500 crore. Key Points
Economic TimesPause in interest rate hikes may spur private investment: Sanjiv Bajaj, president, CII
Bajaj urged the government to continue to focus on enhancing the ease of doing business and reducing associated costs. To push reforms in areas such as land, labour, and power where both Centre and states have jurisdictions, a structure like the Goods and Services Tax Council can play an important role, he said. Key Points
Economic TimesBajaj Auto shares fall over 5% after demonetisation in Nigeria. Here’s why
Bajaj Auto shares fell sharply on Monday after a note ban came into effect in Africa's most populous country, Nigeria. Here is all you need to know. Key Points
India Today
Halve your fuel expense? Bajaj's CNG bike may do just that
Bajaj Auto plans to disrupt the entry-level motorcycle market with the world's first CNG-run motorcycle, aiming to halve monthly fuel expenses. The bi-fuel motorcycles, priced at a premium, will challenge Hero MotoCorp's dominance. Bajaj aims to capitalize on the mileage-conscious entry-level segment, where it currently holds an 8% share. The move aligns with government carbon reduction goals and leverages Bajaj's experience in CNG three-wheelers. Launching first in Maharashtra and Gujarat, Bajaj plans to expand its CNG motorcycle portfolio in India and select international markets. Key Points
Economic TimesBajaj Finance asked to stop lending via 2 products. What it means for customers
Bajaj Finance has temporarily suspended the sanction and disbursal of new loans under ‘eCOM’ and ‘Insta EMI Card’ products. Here's how it will impact exisiting and new customers. Key Points
India TodayBajaj Finserv Share Price Live blog for 03 Jul 2023
Bajaj Finserv stock price went up today, 03 Jul 2023, by 0.47 %. The stock closed at 1518.5 per share. The stock is currently trading at 1525.7 per share. Investors should monitor Bajaj Finserv stock price closely in the coming days and weeks to see how it reacts to the news. Key Points
MintBajaj Auto takes over Triumph's India sales and marketing operations
Indian two-wheeler manufacturer Bajaj Auto will handle all of the sales and marketing operations for Triumph Motorcycles in India. The deal, which was first announced in 2020, will see Bajaj Auto take over all 15 dealerships of the British brand. The move is in line with the two brands' future collaboration to develop new mid-sized Triumph motorcycles, which will be built at Bajaj Auto's Chakan plant. The Indian manufacturer is also looking to add more Triumph dealerships in the next few years. Key Points
Economic TimesBajaj Auto board approves Rs 4000-crore share buyback at Rs 10,000 each
The two-wheeler major will repurchase up to 40,00,000 shares for a price not exceeding Rs 10,000 a share, the company said in an exchange filing. Dalal Street is set to rejoice this news, as the buyback price is at a whopping 43% premium to the current market price. Key Points
Economic Times
Bajaj Finance shares rebound after falling sharply in early trade. Here’s why
Bajaj Finance shares were down 3 per cent in early trade, but rebounded 1.15 per cent to Rs 7307.40 apiece at around 11:45 am. Key Points
India TodayBajaj Finserv Share Price Live blog for 21 Jul 2023
Bajaj Finserv stock price went down today, 21 Jul 2023, by -0.17 %. The stock closed at 1635.15 per share. The stock is currently trading at 1632.35 per share. Investors should monitor Bajaj Finserv stock price closely in the coming days and weeks to see how it reacts to the news. Key Points
MintBajaj Finance Share Price Live blog for 23 Jun 2023
Bajaj Finance stock price went down today, 23 Jun 2023, by -2.35 %. The stock closed at 7203.25 per share. The stock is currently trading at 7033.8 per share. Investors should monitor Bajaj Finance stock price closely in the coming days and weeks to see how it reacts to the news. Key Points
MintBajaj Auto’s profit beats Street view
Despite a 12.2% decline in overall volumes during the quarter, the automaker saw a 215 basis points improvement in its Ebitda to 19.3% at ₹1,716.6 crore on the back of higher sales of its premium products Key Points
mintBajaj Finance Q4 new loan bookings up 20% YoY, AUM grows 29%
The new loans booked during March quarter grew by 20% to 7.6 million as compared to 6.3million in the corresponding quarter last fiscal. Key Points
mint
This Nifty multibagger turns Rs 10,000 to Rs 4.7 lakh in just 10 years
Bajaj Finance is a deposit taking non-banking company. It has a diversified lending portfolio across retail, SMEs and commercial customers with significant presence in both urban and rural India. On a consolidated basis, the company has a franchise of 66.05 million customers. Key Points
Economic TimesBest Bajaj air coolers: Top 6 options for cool air indoors
Discover the top Bajaj air coolers in India for 2024. Compare their features, pros, and cons to make an informed decision. Key Points
mintBest Bajaj table fans in India: Compare top 10 models for you
Discover the top 10 Bajaj table fans in India for 2022. Compare features, pros, and cons to make the best buying decision. Key Points
mintIndia's Bajaj Finance beats Q1 profit view on robust loan demand
Indian non-bank lender Bajaj Finance (BJFN.NS) reported a bigger-than-expected increase in quarterly profit on Wednesday, boosted by healthy loan growth and strong customer additions. Key Points
ReutersBajaj Auto Q2 Results Live Updates: Net profit likely to rise 13% YoY; lower volumes to dent revenue growth
Bajaj Auto Q2 Results Live Updates: Bajaj Auto is expected to see a growth of 13.6% in Q2FY24 net profit, while lower sales volumes is likely to weigh on revenue growth, as per average estimates of analysts. Key Points
mint
Bajaj ceiling fan: Explore 7 innovative choices for ultimate airflow
Bajaj ceiling fan: Explore 7 options designed to enhance airflow for ultimate comfort. From sleek designs to advanced technology, Bajaj offers a range of choices to keep you cool and comfortable in style. Key Points
mintBan on Bajaj Finance products: What it means
Analyst estimates are mixed. A Macquarie report citing the company's investor presentation said out of the 3,580,000 customers added in the second quarter about 670,000 or 19% were EMI card customers. Digitally-sourced EMI card franchise stood at 4,200,000 or 10% of the EMI card base. Key Points
Economic TimesDecoding Bajaj Finance Loan Ban: What RBI's ban may cost the business and stocks
The Reserve Bank of India (RBI) has prohibited Bajaj Finance, India's top consumer financier, from approving loans for two products, citing non-issuance of key fact statements (KFS). A KFS includes crucial loan details, mandated by RBI, absent in digital loans. Impact forecasts vary; a Macquarie report highlights potential effects on Bajaj Finance's customer base Key Points
Economic TimesIndia's Bajaj Finance reverses course after dropping 4% on RBI ban order
Shares of Bajaj Finance (BJFN.NS) turned positive after falling 4.1% in early trade on Thursday as brokerages shrugged off concerns, a day after India's central bank barred it from issuing loans under two products with immediate effect. Key Points
ReutersIn H2, Bajaj Auto domestic biz showing signs of incremental growth; big opportunity seen in ASEAN: Rakesh
“Rather than V-shaped recovery, it is better for everyone, for the entire ecosystem, for the dealers, for the vendors, for the company, to see a robust if flatter recovery. We are seeing that happen. A 3-5% single digit positive is a nice recovery to see. The top half of the segment is growing in the higher single digits – 8-9%.” Key Points
Economic Times
India's Bajaj Auto posts Q1 profit beat on commercial vehicle strength
India's Bajaj Auto (BAJA.NS) beat expectations on Tuesday, reporting a nearly 42% increase in first-quarter profit on the back of robust demand for its commercial vehicles. Key Points
ReutersIndia on cusp of FDI flood, Bajaj Finserv Chair says in Davos
India's potential for attracting foreign direct investment (FDI) could significantly increase with another five years of a majority government, according to Sanjiv Bajaj, the Chair and Managing Director of Bajaj Finserv. Speaking at the World Economic Forum annual meeting on Monday, Bajaj expressed optimism about the future of FDI in India. Key Points
Economic TimesBajaj Triumph Speed 400 and Scrambler 400X gets 10,000 bookings in India: Report
Bajaj Auto has received 10,000 bookings for its Triumph Speed 400 and Scrambler 400X motorcycles in India within 10 days of their global launch. The Speed 400 will be available by the end of July, while the price of the Scrambler 400X is yet to be announced. Key Points
mintBest Bajaj fan: Top 7 most trusted options with an unmatched reliability
Best Bajaj fans are renowned for their energy efficiency, boasting BEE star ratings that translate to lower electricity bills. Here are a few top picks for you. Key Points
Hindustan TimesAll eyes on Bajaj Housing Finance debut as GMP hints at blockbuster listing
The Street is eagerly anticipating the listing of Bajaj Housing Finance, which received a record response to its IPO last week. According to grey market trends and analysts' estimates, the companys shares are expected to deliver multibagger returns to investors. The current GMP for the stock is approximately Rs 84, reflecting a premium of nearly 120% over the issue price. Key Points
Economic Times
Bajaj Auto's Rs 4,000 crore share buyback: Dates, retail acceptance ratio, other details
Bajaj Auto's Rs 4,000 crore share buyback scheme opens tomorrow, with the company planning to buy back 40 lakh shares at a price of Rs 10,000 per share. The acceptance rate is expected to be around 26-30%, according to Nuvama. Analysts have recommended eligible shareholders of Bajaj Auto to tender their shares for the buyback. Key Points
Economic TimesBajaj Finance beats Q4 profit estimates: Here’s what brokerages say
The Pune-based company posted a consolidated net profit of Rs 3,158 crore, marking a 30 per cent year-on-year rise in comparison to Rs 2,420 crore in the corresponding quarter a year ago. This was a tad above what analysts had expected. Key Points
India Today