Bajaj Auto Ltd is up for a third straight session today. The stock is quoting at Rs 9666.05, up 1.57% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. Bajaj Auto Ltd has slipped around 7.95% in last one month. Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has slipped around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 1.95 lakh shares today, compared to the daily average of 6.77 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 9686.9, up 1.55% on the day. Bajaj Auto Ltd is up 71.08% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.The PE of the stock is 32.47 based on TTM earnings ending September 24.Powered by Capital Market - Live

The domestic equity benchmarks traded with steep losses in morning trade. The Nifty tanked below the crucial 24,000 level. Oil & gas shares declined after advancing in the previous trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex slumped 1,102.87 points or 1.38% to 78,627.24. The Nifty 50 index dropped 360.70 points or 1.48% to 23,943.65. In the broader market, the S&P BSE Mid-Cap index declined 1.30% and the S&P BSE Small-Cap index fell 1.89%. The market breadth was weak. On the BSE, 1,056 shares rose and 2,714 shares fell. A total of 156 shares were unchanged. Result Today: Indian Railway Catering and Tourism Corporation (IRCTC) (down 2.62%), Bata India (down 0.92%), Exide Industries (down 2.14%), Hatsun Agro Product (up 3.58%), KEC International (down 2.62%) and Raymond (down 1.95%) will announce their results later today. New Listing: Shares of Afcons Infrastructure were currently trading at Rs 450.25 at 10:15 IST on the BSE, representing a discount of 2.75% as compared with the issue price of Rs 463. The scrip was listed at Rs 430.05, exhibiting a discount of 7.12% to the issue price. So far, the stock has hit a high of 453.75 and a low of 419.85. On the BSE, over 10.95 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Oil & Gas index slipped 2.90% to 11,110.85. The index rose 0.84% in the past trading session. Indian Oil Corporation (down 4.50%), Hindustan Petroleum Corporation (down 3.24%), Bharat Petroleum Corporation (down 3.04%), Mahanagar Gas (down 2.79%), Reliance Industries (down 2.54%), Oil & Natural Gas Corpn (down 2.15%), Gujarat Gas (down 2.13%), Oil India (down 1.98%), GAIL (India) (down 1.66%) and Castrol India (down 1.64%) declined. Stocks in Spotlight: Bajaj Auto dropped 4.15%. The auto major reported 2% rise in total auto sales to 4,79,707 units in October 2024 as against 4,71,188 units in October 2023. Zen Technologies slipped 1.91%. The company reported standalone net profit of Rs 17.34 crore in Q2 FY25, zoomed 276.18% to Rs 65.23 crore posted in Q2 FY24.Revenue from operations spiked 277.44% year on year (YoY) to Rs 241.68 crore in the quarter ended September 2024. Adani Ports and Special Economic Zone declined 2.74%. The company said that it had handled 37.9 MMT of total cargo in October 2024, which is higher by 2.43% as compared with 37 MMT of cargo handled in October 2023. Powered by Capital Market - Live

While the company's domestic sales decreased 8% to 3,03,831 units, exports rose by 24% to 1,75,876 units in October 2024 over October 2023. Sales of two-wheelers and commercial vehicles stood at 4,14,372 units (up 2% YoY) and 65,335 units (up 4% YoY), respectively. Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof. The auto major's standalone net profit increased 9.19% to Rs 2,005.04 crore on 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24. Shares of Bajaj Auto tumbled 4.53% to Rs 9,430.65 on the BSE.Powered by Capital Market - Live

Bajaj Auto has sold 4,79,707 units in month of October 2024 compared to 4,71,188 units in October 2023, recording a growth of 2%. Total sales comprised of domestic sales of 3,03,831 units (down 8% YoY) and exports of 1,75,876 units (up 24% YoY). The company sold 4,14,372 two-wheeler units (up 2% YoY) and 65,335 commercial vehicle units (up 4% YoY) in the month of October 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,845.10, a premium of 95.25 points compared with the Nifty's closing 24,749.85 in the cash market. In the cash market, the Nifty 50 slipped 221.45 points or 0.89% to 24,749.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 2.56% to 13.39. Bajaj Auto, Infosys and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

Oberoi Realty Ltd, BF Utilities Ltd, Himadri Speciality Chemical Ltd and Bharat Heavy Electricals Ltd are among the other losers in the BSE's 'A' group today, 17 October 2024.Bajaj Auto Ltd crashed 12.19% to Rs 10201.45 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 10089 shares in the past one month.Oberoi Realty Ltd lost 6.15% to Rs 1906. The stock was the second biggest loser in 'A' group.On the BSE, 54780 shares were traded on the counter so far as against the average daily volumes of 23169 shares in the past one month.BF Utilities Ltd tumbled 6.07% to Rs 1008.05. The stock was the third biggest loser in 'A' group.On the BSE, 43909 shares were traded on the counter so far as against the average daily volumes of 56347 shares in the past one month.Himadri Speciality Chemical Ltd shed 5.96% to Rs 623.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.06 lakh shares were traded on the counter so far as against the average daily volumes of 1.69 lakh shares in the past one month.Bharat Heavy Electricals Ltd dropped 5.21% to Rs 255.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 8.07 lakh shares were traded on the counter so far as against the average daily volumes of 6.66 lakh shares in the past one month.Powered by Capital Market - Live

The key equity barometers traded with moderate losses in morning trade. The Nifty tanked below the 24,850 mark. Auto shares extended losses for the third consecutive trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 293.84 points or 0.35% to 81,219.61. The Nifty 50 index declined 141.60 points or 0.54% to 24,836.50. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.99% and the S&P BSE Small-Cap index declined 0.82%. The market breadth was weak. On the BSE, 1,245 shares rose and 2,337 shares fell. A total of 148 shares were unchanged. Economy: The Union Cabinet has approved an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1 July 2024 representing an increase of 3% over the existing rate of 50% of the basic pay/pension, to compensate against price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impact on the exchequer on account of both DA and DR would be Rs.9,448.35 crore per annum. This will benefit about 49.18 lakh central government employees and 64.89 lakh pensioners. Result Today: Infosys (up 1.31%), Wipro (down 0.56%), Axis Bank (down 1.29%), Nestle India (down 0.94%), LTIMindtree (down 0.05%), Tata Chemicals (down 0.57%), Tata Communications (down 2.07%), Ceat (down 1.96%), Havells India (down 3.57%), Jindal Stainless (down 3.57%), Central Bank of India (down 3.57%), Indian Overseas Bank (down 1.40%), 5paisa Capital (down 4.14%), Geojit Financial Services (up 2.21%), Deccan Bearings (up 5%), Dhanlaxmi Bank (up 0.84%), Harshil Agrotech (up 2%), Mahindra EPC Irrigation (up 0.26%), National Standard (down 1.08%), Polycab India (down 1.26%), Quick Heal Technologies (down 0.80%), Shemaroo Entertainment (down 2.43%), Steel Exchange India (up 2.73%) and Tanla Platforms (down 0.80%) will announced their quarterly earnings later today. Buzzing Index: The Nifty Auto index fell 3.17% to 25,088.85. The index declined 5.19% in the three trading sessions. Bajaj Auto (down 10.22%), TVS Motor Company (down 6.11%), Hero MotoCorp (down 4.72%), Bosch (down 3.26%) and Mahindra & Mahindra (down 3.14%), Samvardhana Motherson International (down 2.95%), Balkrishna Industries (down 2.47%), Exide Industries (down 2.46%), Maruti Suzuki India (down 2.42%) and Eicher Motors (down 2.33%) edged lower. Bajaj Auto tumbled 10.22%. The auto major's standalone net profit increased 9.19% to Rs 2,005.04 crore on 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24. Stocks in Spotlight: JSW Energy shed 0.26%. The company announced the signing of a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for STU-connected 192 MW wind-solar hybrid capacity. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.27 per kWh. UltraTech Cement fell 0.80%. The company announced that the commissioning of an additional 1.2 mtpa grinding capacity at its existing unit situated at Arakkonam, Tamil Nadu. Powered by Capital Market - Live

Bajaj Auto Ltd fell 7.64% today to trade at Rs 10730. The BSE Auto index is down 1.85% to quote at 57740.58. The index is down 1.3 % over last one month. Among the other constituents of the index, Hero MotoCorp Ltd decreased 4.21% and TVS Motor Company Ltd lost 3.53% on the day. The BSE Auto index went up 53.97 % over last one year compared to the 23.88% surge in benchmark SENSEX. Bajaj Auto Ltd has lost 10.17% over last one month compared to 1.3% fall in BSE Auto index and 1.77% drop in the SENSEX. On the BSE, 8073 shares were traded in the counter so far compared with average daily volumes of 10295 shares in the past one month. The stock hit a record high of Rs 12772.15 on 27 Sep 2024. The stock hit a 52-week low of Rs 5067.1 on 17 Oct 2023.Powered by Capital Market - Live

Net profit of Bajaj Auto declined 31.42% to Rs 1385.44 crore in the quarter ended September 2024 as against Rs 2020.05 crore during the previous quarter ended September 2023. Sales rose 21.08% to Rs 12815.53 crore in the quarter ended September 2024 as against Rs 10584.67 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales12815.5310584.67 21 OPM %16.1820.12 - PBDT2397.362675.84 -10 PBT2299.092584.02 -11 NP1385.442020.05 -31 Powered by Capital Market - Live

The revenue growth was underpinned by double digit volume growth on the back of yet another robust domestic performance and a steady recovery of exports, further buoyed by a richer sales mix Profit before tax was at Rs 2,925.20 crore in Q2 FY25, registering a growth of 21.88% from Rs 2,400.04 crore posted in Q2 FY24. EBITDA rose 24% year-on-year to Rs 2,653 crore for the quarter ending 30 September 2024. The EBITDA margin improved to 20.2% in Q2 FY25 as against 19.8% reported in the same period last year. This improvement was largely due to dynamic management of the business enabled margins to be held constant while offsetting the drag from the significant step up of e2Ws and commodity inflation. More than 40 bps YoY accretion was driven primarily by favourable currency and operating leverage. Domestic volumes jumped 22% to 7,76,711 units as compared with 6,37,556 units sold in corresponding quarter last year. Export revenue grew by double digits, driven by improved USD/INR realization, a richer product mix and another record quarter in the LATAM region. The Pulsar model continues to gain traction across markets, achieving its highest quarterly sales with over 110,000 units sold. While sales in Africa, particularly in Nigeria, were lower than the previous year, the region is experiencing a positive directional uptick, supported by targeted interventions. Chetak electric scooters volumes stood at 70,000, up more than 3 times YoY with September market share at 21% (11% in June). Meanwhile, the company's board has approved the additional investment in the equity share capital of Bajaj Brazil, a wholly owned subsidiary of the company of up to $10 million equivalent to Rs 84 crore at an assumed exchange rate of $1 = Rs 84 in a phased manner. The primary aim of this capital infusion is to support business expansion and address the growing operational demands. Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof. The scrip rose 0.85% to settle at Rs 11,617.55 on the BSE.Powered by Capital Market - Live