Profit before share of profit of joint venture and tax rose 3.53% YoY to Rs 1,248.30 crore in Q2 FY25. EBITDA increased marginally 0.09% to Rs 1,088 crore in Q2 FY25 as compared with Rs 1,087 crore in Q2 FY24. During the quarter, Royal Enfield recorded sales of 2,25,317 motorcycles as compared to 2,29,496 motorcycles sold during the same period in FY 2023-24. For Q2 FY 2024-25, VE Commercial Vehicles (VECV)'s revenue from operations was Rs 5,538 crore, up by 8.0% over the previous year's revenue of Rs 5,126 crore. VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year. Siddhartha Lal, managing director, Eicher Motors, said, 'During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV. At EICMA, earlier this month, we launched two motorcycles on our 650-Twin platform; the Bear 650, and the Classic 650. In addition to this, Royal Enfield marked its foray into electric mobility with a new EV brand - the Flying Flea. With an intent to disrupt and grow the electric motorcycle segment, we are approaching it with the same singularity, focus and unconventionality with which we have grown and energized the global mid-size segment over the last several years. Under the Flying Flea we will have a portfolio of differentiated electric motorcycles for city plus mobility. On the commercial vehicle front, VE Commercial Vehicles delivered its best Q2 ever, with strengthened market shares in truck segments. This is commendable against the backdrop of lower industry volumes as compared to Q2 of last year.' B. Govindarajan, CEO - Royal Enfield and whole-time director, EML, said, 'This quarter we launched two stellar motorcycles - the Guerrilla 450 and the 2024 Classic 350 in an all new avatar and response to both these motorcycles has been remarkable. We have also made significant progress on expanding and strengthening our footprint outside India as we debuted the brand in Bangladesh with our new flagship store in Dhaka, and a manufacturing and assembly unit in the country. We are also setting up a second CKD in Brazil later this year. Basis the strong legwork that we put in during Q2 this year, we were able to achieve a very special milestone for Royal Enfield in terms of our festive sales performance in October. We outperformed all our previous monthly sales performance and achieved more than 1,00,000 sales in a single month. These initiatives underscore our commitment to our long term strategic goals and to continue delivering pure motorcycling experiences across the globe.' Vinod Aggarwal, MD and CEO - VECV said, 'VECV delivered its highest ever second quarter sales during Q2 FY25 growing 6.2% over Q2 FY24 and attaining leadership in the Light and Medium Duty (LMD) segment during the quarter. This growth was against a drop in CV industry volumes of 10.8% in the same period and stands as a testament to our broad product range backed by fast-expanding network coverage focused on delivering uptime to customers. Margins remained under pressure in a competitive market as we successfully continued to invest in growing our Heavy Duty truck presence. We took another step in our sustainability journey, signing a MoU for deployment of 500 Eicher Pro 6055 LNG trucks.' Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.Powered by Capital Market - Live

Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail(ABFRL), Granules India, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper are banned from F&O trading on 14 November 2024. Upcoming Result: Avanti Feeds, Bharat Forge, Crompton Greaves Consumer Electricals, E.I.D. Parry (India), Glenmark Pharmaceuticals, Grasim Industries, Hindustan Aeronautics, Hero Motocorp, Honasa Consumer, Honda India Power Products, Igarashi Motors India, IPCA Laboratories, Jtekt India, Lemon Tree Hotels, Mahanagar Telephone Nigam, Nava, Ratnamani Metals & Tubes, Sanghvi Movers, Sarda Energy & Minerals, Techno Electric and Engineering Company, Tega Industries and West Coast Paper Mills will declare their results later today. Stocks to Watch: Eicher Motors' consolidated net profit increased 8.27% to Rs 1,100.33 crore on 3.8% increase in revenue from operations to Rs 4,186.38 crore in Q2 FY25 over Q2 FY24. Astrazeneca Pharma's consolidated net profit fell 5.6% to Rs 38.43 crore despite of 31.2% increase in revenue from operations to Rs 408 crore in Q2 FY25 over Q2 FY24. Godrej Industries' consolidated net profit surged 229.5% to Rs 287.62 crore in Q2 FY25 as compared with Rs 87.30 crore in Q2 FY24. Revenue from operations jumped 22% YoY to Rs 4,804.96 crore in Q2 FY25. Vodafone Idea reported net loss of Rs 7,175.90 crore in Q2 FY25 as against net loss of Rs 8,737.90 crorein Q2 FY24. Revenue rose 1.89% YoY to Rs 10,918.20 crore in Q2 FY25. Thermax reported 24.9% increase in consolidated net profit 197.03 crore on 13.4% increase in revenue from operations to Rs 2,611.59 crore in Q2 FY25 over Q2 FY24. Deepak Nitrite's consolidated net profit declined 5.3% to Rs 194.19 crore during the quarter as compared with Rs 205.08 crore recorded in same quarter last year. Revenue from operations increased 14.3% YoY to Rs 2,032 crore in Q2 FY25. Meanwhile, the company's arm, Deepak Chem Tech has signed an agreement with affiliates of Trinseo PLC to manufacture polycarbonate resins with an investment of Rs 5,000 crore. Tata Communication has entered into share purchase agreement (SPA) with Transaction Solutions International (TSI) for sale of the company's wholly owned subsidiary, Tata Communications Payment Solutions (TCPSL) to Australian digital payments and financial services provider Findi for over Rs 400 crore. Inox Green board approved the demerger of the Power evacuation business. Cipla received eight observations from US Food and Drug Administration (USFDA) for its manufacturing facility in Bengaluru.Powered by Capital Market - Live

Profit before share of profit of joint venture and tax rose 3.53% YoY to Rs 1,248.30 crore in Q2 FY25. EBITDA increased marginally 0.09% to Rs 1,088 crore in Q2 FY25 as compared with Rs 1,087 crore in Q2 FY24. During the quarter, Royal Enfield recorded sales of 2,25,317 motorcycles as compared to 2,29,496 motorcycles sold during the same period in FY 2023-24. For Q2 FY 2024-25, VE Commercial Vehicles (VECV)'s revenue from operations was Rs 5,538 crore, up by 8.0% over the previous year's revenue of Rs 5,126 crore. VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year. Siddhartha Lal, managing director, Eicher Motors, said, 'During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV. At EICMA, earlier this month, we launched two motorcycles on our 650-Twin platform; the Bear 650, and the Classic 650. In addition to this, Royal Enfield marked its foray into electric mobility with a new EV brand - the Flying Flea. With an intent to disrupt and grow the electric motorcycle segment, we are approaching it with the same singularity, focus and unconventionality with which we have grown and energized the global mid-size segment over the last several years. Under the Flying Flea we will have a portfolio of differentiated electric motorcycles for city plus mobility. On the commercial vehicle front, VE Commercial Vehicles delivered its best Q2 ever, with strengthened market shares in truck segments. This is commendable against the backdrop of lower industry volumes as compared to Q2 of last year.' B. Govindarajan, CEO - Royal Enfield and whole-time director, EML, said, 'This quarter we launched two stellar motorcycles - the Guerrilla 450 and the 2024 Classic 350 in an all new avatar and response to both these motorcycles has been remarkable. We have also made significant progress on expanding and strengthening our footprint outside India as we debuted the brand in Bangladesh with our new flagship store in Dhaka, and a manufacturing and assembly unit in the country. We are also setting up a second CKD in Brazil later this year. Basis the strong legwork that we put in during Q2 this year, we were able to achieve a very special milestone for Royal Enfield in terms of our festive sales performance in October. We outperformed all our previous monthly sales performance and achieved more than 1,00,000 sales in a single month. These initiatives underscore our commitment to our long term strategic goals and to continue delivering pure motorcycling experiences across the globe.' Vinod Aggarwal, MD and CEO - VECV said, 'VECV delivered its highest ever second quarter sales during Q2 FY25 growing 6.2% over Q2 FY24 and attaining leadership in the Light and Medium Duty (LMD) segment during the quarter. This growth was against a drop in CV industry volumes of 10.8% in the same period and stands as a testament to our broad product range backed by fast-expanding network coverage focused on delivering uptime to customers. Margins remained under pressure in a competitive market as we successfully continued to invest in growing our Heavy Duty truck presence. We took another step in our sustainability journey, signing a MoU for deployment of 500 Eicher Pro 6055 LNG trucks.' Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space. The counter declined 3.15% to end at Rs 4,589.10 on the BSE.Powered by Capital Market - Live

Eicher Motors Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4664.85, down 0.89% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 24780.85. The Sensex is at 81048.48, down 0.78%.Eicher Motors Ltd has lost around 1.74% in last one month.Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has increased around 0.74% in last one month and is currently quoting at 25926.3, down 0.94% on the day. The volume in the stock stood at 3.55 lakh shares today, compared to the daily average of 6.09 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 4702.95, down 0.58% on the day. Eicher Motors Ltd jumped 35.39% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.The PE of the stock is 32.89 based on TTM earnings ending June 24.Powered by Capital Market - Live

Eicher Motors Ltd lost 3.14% today to trade at Rs 4815.15. The BSE Auto index is down 2.14% to quote at 59926.42. The index is up 1.83 % over last one month. Among the other constituents of the index, TVS Motor Company Ltd decreased 2.94% and Apollo Tyres Ltd lost 2.56% on the day. The BSE Auto index went up 67.45 % over last one year compared to the 27.94% surge in benchmark SENSEX. Eicher Motors Ltd has lost 1.08% over last one month compared to 1.83% gain in BSE Auto index and 1.08% rise in the SENSEX. On the BSE, 1810 shares were traded in the counter so far compared with average daily volumes of 10888 shares in the past one month. The stock hit a record high of Rs 5104.5 on 27 Sep 2024. The stock hit a 52-week low of Rs 3272.35 on 01 Nov 2023.Powered by Capital Market - Live

Eicher Motors announced that its unlisted subsidiary VE Commercial Vehicles has sold a total 7,609 units in month of September 2024 compared to 7,198 units in September 2023, recording a growth of 5.7%. Powered by Capital Market - Live

Eicher Motors Ltd is up for a third straight session in a row. The stock is quoting at Rs 5103.1, up 2.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 26212.75. The Sensex is at 85638.69, down 0.23%. Eicher Motors Ltd has risen around 3.16% in last one month. Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has risen around 6.82% in last one month and is currently quoting at 27496.25, up 0.54% on the day. The volume in the stock stood at 6.47 lakh shares today, compared to the daily average of 4.99 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5114, up 1.63% on the day. Eicher Motors Ltd is up 48.34% in last one year as compared to a 34.26% spurt in NIFTY and a 71.79% spurt in the Nifty Auto index.The PE of the stock is 34.89 based on TTM earnings ending June 24.Powered by Capital Market - Live

Eicher Motors Ltd is up for a third straight session in a row. The stock is quoting at Rs 5021.7, up 3.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.53% on the day, quoting at 25803.45. The Sensex is at 84485.2, up 1.56%. Eicher Motors Ltd has added around 2.2% in last one month. Meanwhile, Nifty Auto index of which Eicher Motors Ltd is a constituent, has added around 3.37% in last one month and is currently quoting at 25907.65, up 2.09% on the day. The volume in the stock stood at 7.37 lakh shares today, compared to the daily average of 3.85 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5039.5, up 3.33% on the day. Eicher Motors Ltd is up 46.16% in last one year as compared to a 30.7% gain in NIFTY and a 63.26% gain in the Nifty Auto index.The PE of the stock is 33.97 based on TTM earnings ending June 24.Powered by Capital Market - Live

While, the domestic sales increased by 2.05% to 6,028 units, total exports dropped 23.19% to 255 units in August 2024 over August 2023. Total sales of Volvo trucks and buses in August 2024 grew by 9.7% to 260 units from 237 units sold in August 2023. Further, the company said that it has sold 73,629 motorcycle units in August 2024, which is lower by 5.1% as compared with 77,583 units in August 2023. Sales of motorcycle models with engine capacity up to 350cc slipped 11.5% to 61,087 units and sales of motorcycle models with engine capacity exceeding 350cc climbed 46.52% to 12,542 units in August 2024 over August 2023. The International business recorded sales of 8,006 units in August 2024, down by 2.25% as compared with 8,190 units sold in the same period last year. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space. The company's consolidated net profit jumped 19.94% to Rs 1,101.46 crore in Q1 FY25 as compared with Rs 918.34 crore posted in corresponding quarter last year. Revenue from operations increased 10.2% YoY to Rs 4,393.05 crore during the quarter. Shares of Eicher Motors shed 0.74% to Rs 4,922 on the BSE. Powered by Capital Market - Live

The domestic equity indices continued to trade with substantial gains in afternoon trade. The Nifty scaled above the 24,350 mark. All the sectoral indices on NSE were in the green with auto, media and realty shares gaining the most. At 13:30 IST, the barometer index, the S&P BSE Sensex jumped 830.24 points or 1.05% to 79,716.63. The Nifty 50 index rallied 244.75 points or 1.01% to 24,361.75. In the broader market, the S&P BSE Mid-Cap index rose 1.20% and the S&P BSE Small-Cap index added 0.78%. The market breadth was strong. On the BSE, 2,334 shares rose and 1,497 shares fell. A total of 122 shares were unchanged. Gainers & Losers: Eicher Motors (up 5.68%), Grasim Industries (up 3.14%), Tata Motors (up 2.86%), JSW Steel (up 2.73%) and HCL Technologies (up 2.52%) were major Nifty gainers. Asian Paints (down 1.21%), HDFC Life Insurance Company (down 0.80%) and IndusInd Bank (down 0.23%) were major Nifty losers. Eicher Motors jumped 5.68% after the company's consolidated net profit jumped 19.94% to Rs 1,101.46 crore in Q1 FY25 as compared with Rs 918.34 crore posted in corresponding quarter last year. Revenue from operations increased 10.2% YoY to Rs 4,393.05 crore during the quarter. JSW Steel advance 2.73% after the company's consolidated crude steel production for the month of July 2024 was at 22.15 lakh tonnes, which is higher by 9% as compared with the same period last year. Stocks in Spotlight: Life Insurance Corporation of India (LIC) rose 0.92%. The state-run life insurer's standalone net profit rose 9.61% to Rs 10,461.05 crore on 15.66% increase in total premium income to Rs 1,13,770.14 crore in Q1 FY25 over Q1 FY24. Oil India rallied 4.99%. The petroleum business company reported 9.09% decline in standalone net profit to Rs 1,466.84 in Q1 FY25 as compared to Rs 1,613.43 crore posted in Q1 FY24. However, revenue from operations (excluding excise duty) jumped 17.67% to Rs 5,331.92 crore in Q1 FY25 from Rs 4531.18 crore reported in the same period a year ago. Steel Authority of India (SAIL) slipped 4.51% after the company's standalone net profit dropped 92.87% to Rs 10.68 crore in Q1 FY25 from Rs 149.83 crore in Q1 FY24. Revenue from operations fell 1.48% to Rs 23,997.78 crore during the quarter as compared with Rs 24,357.58 crore posted in same quarter last fiscal Container Corporation of India (CONCOR) declined 2.40%. The company reported 5.14% increase in consolidated net profit to Rs 258.17 crore in Q1 FY25 as compared to Rs 245.56 crore posted in Q1 FY24. Revenue from operations grew by 9.38% year on year (YoY) to Rs 2,103.13 crore during the quarter ended 30 June 2024. Global Markets: European stocks advanced while most Asian stocks traded higher on Friday, buoyed by a strong Wall Street performance. Investor sentiment was lifted by China's release of July consumer price index data, which showed a modest increase and eased deflation concerns. The country's consumer prices rose 0.5% year-on-year last month. However, core CPI, excluding volatile food and energy items, cooled to 0.4% from 0.6% in June. U.S. stocks surged on Thursday after the Labor Department reported a larger-than-expected drop in initial jobless claims to 233,000 for the week ended August 3. The Dow Jones Industrial Average rose 1.76%, the S&P 500 gained 2.30% and the Nasdaq Composite added 2.87%.Powered by Capital Market - Live