Bajaj Auto News

Announcement under Regulation 30 of Listing Regulations, 2015.

Stocks to Buy Today: The Indian stock market is expected to consolidate on Thursday amid mixed global cues. Analysts suggest a broader trading range between 24,700 and 25,500 zones. Key stock recommendations include Granules India, Voltas, and Eicher Motors, among others. Traders are advised to look out for specific buy targets and stop losses.

Last week, the Nifty index exhibited a choppy but positive trend, with potential gains towards 25,100-25,200. Analysts noted important support levels and recommended buying opportunities during minor dips. Stocks such as ICICI Bank, Nykaa, Sun Pharma, and Bajaj Auto showed positive momentum. Investors were advised to cautiously maintain and seek long positions.

Disclosure of material impact on the result of wholly owned overseas subsidiary of the Company, viz. Bajaj Auto International Holdings BV

Indian equity indices closed flat on Friday in a highly volatile session. Traders showed caution ahead of Federal Reserve Chair Jerome Powell's upcoming speech. Despite the muted performance, both NSE Nifty 50 and S&P BSE Sensex have gained around 3% in seven sessions due to US rate cut expectations and strong domestic inflows.

Intimation of allotment of equity shares under Employee Stock Option Scheme, 2019

The approvals on Wednesday are likely to help the companies partially offset losses they are incurring in manufacturing EVs due to low volumes currently. Among the companies, Bajaj Auto is the sole automaker to get approvals for all the 13 applications filed for its electric scooter Chetak and three-wheelers.

Ola Electric Mobility's shares experienced an 82% increase since their August 9 market debut. Initially listed at ₹76, the stock rose to ₹157.4, driven by new vehicle introductions and institutional buying. Though analysts were skeptical, the long-term growth prospects have kept the stock buoyant.

Bajaj Auto Ltd has stated a need to hike its deferred tax provision by Rs 211 crore due to recent changes in tax regulation on debt mutual funds. The company will adjust its accounting provisions to reflect the withdrawal of indexation benefits and a revised tax rate. This adjustment will impact Q2 FY25 financial results.

Voluntary disclosure by the Company resulting from the changes made pursuant to the recently enacted Finance (No. 2) Act, 2024.

Sensex ended nearly unchanged, while Nifty 50 gained 31 points amid volatile trading. Energy stocks rose due to a windfall tax cut on crude, but financials saw profit booking. Key gainers included Hindalco and BPCL, while M&M and Bajaj Auto declined. Newly listed Ola Electric Mobility surged by 10%.

Technical analysts noted a strong bounceback in Nifty, predicting further upward momentum. Stocks such as Vedanta and Hindustan Copper formed bullish setups. Investors are advised to focus on IT and FMCG sectors, while considering partial profits in pharma. Positive trends were also seen in metal and banking sectors.

The market share of top electric two-wheeler startups, including Ola Electric, Ather Energy, and Greaves Electric, dropped to 48.8% in Q1 from 59% last year. Traditional companies like Bajaj Auto and Hero MotoCorp increased their presence, capturing around 30% of the market. Electric two-wheeler sales grew 1.4% to 221,548 units. Ola Electric led with 107,911 units. Hero MotoCorp aims to expand its portfolio and network, while Bajaj Auto focuses on growth and long-term presence. TVS also plans multiple EV launches. The competing firms are ramping up efforts for higher volumes and market share.

Royal Enfield has announced a new iteration of the popular Classic 350 in new colours and features. Set to hit the market next month, the bike's price has not been revealed yet.

The Uttar Pradesh government will maintain incentives for electric and hybrid cars to mitigate low market penetration. Automakers express concerns about these incentives affecting the transition to full electric vehicles. Officials stressed that the policy is flexible and could change, aiming to encourage a shift away from conventional fuel vehicles.

Intimation regarding issue of Letter of Confirmation in lieu of share certificates reported as lost/misplaced as per Regulation 39(3) of the SEBI LODR 2015.

Yulu Bikes aimed to raise over $100 million in a Series C round to expand its operations and fleet of electric two-wheelers. The company collaborated with Bajaj Auto to develop electric vehicles, expecting 5x growth in the quick-commerce segment. Yulu planned to introduce mid-speed scooters by the end of 2024 and become operationally profitable soon.

Yulu Bikes aimed to raise over $100 million in a Series C round to expand its operations and fleet of electric two-wheelers. The company collaborated with Bajaj Auto to develop electric vehicles, expecting 5x growth in the quick-commerce segment. Yulu planned to introduce mid-speed scooters by the end of 2024 and become operationally profitable soon.

Foreign investors have ramped up their investments in the Indian auto sector, buoyed by strong earnings and improved cost management. In July, the sector's weightage in FPI portfolios reached a peak of 8.10%. Projections estimate an earnings growth of 15-18% this fiscal year, enhancing the sector's appeal amidst higher overall market valuations.

Analyst call for the month of August scheduled to be held on 13 August 2024.

Analyst call intimation for the month of August scheduled on 12 August 2024.

It is after a long period of time that bears are visible, but they were largely due to global reasons. What needs to be watched is whether Indian markets are able to outperform when global markets are witnessing a correction. This is important because if they are able to do that it would be an indication on how things are going to shape in coming months with regards to FPI flows. So, more than worry about correction, study the correction because that would help in taking better decisions as the market recovers. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

The Bajaj Group, worth ₹1.46 lakh crore, initiated steps to venture into the healthcare industry by setting up hospitals in metros. Overseen by Nirav Bajaj, the project will be housed in a new company, with phased investments based on milestones. This marks the group's first major diversification since Rahul Bajaj's death in 2022.

July witnessed a decline in passenger vehicle sales in India after over two years. Sales dropped by about 2.5% to around 344,000-345,900 units due to increased dealer inventory and lukewarm consumer interest. While Maruti Suzuki and Hyundai posted declines, Toyota and Mahindra saw growth, driven by demand for utility vehicles.

Sales for the month of July 2024.

Founded in 2017, Bengaluru-based Ola manufactures e2Ws and certain EV components. The company is developing an EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, which includes the Ola Futurefactory, the largest automated e2W manufacturing plan

Honda Motor Co. risks being left behind in the rapidly growing electric two-wheeler market, especially in India. Local companies are gaining ground while Honda, historically dominant with its Super Cub motorbike, has been slow to release electric models. This could undermine its market leadership in developing countries.

Honda Motor Co. risks being left behind in the rapidly growing electric two-wheeler market, especially in India. Local companies are gaining ground while Honda, historically dominant with its Super Cub motorbike, has been slow to release electric models. This could undermine its market leadership in developing countries.

Bajaj Auto and TVS Motor unveiled CNG-powered bikes and scooters, aiming to reduce ownership costs. City gas suppliers like Indraprastha Gas and Mahanagar Gas are ramping up infrastructure to support this trend. This move is expected to increase CNG sales, with the two-wheeler market showing promising growth.

Postal Ballot Notice - Newspaper Publication

Ola Electric Mobility launched India's first EV company IPO, targeting USD 734 million. The SoftBank-backed firm highlighted its vertically integrated manufacturing and core R&D strategy. CEO Bhavish Aggarwal noted the industry's shift toward EVs. IPO funds will reduce debt and support manufacturing and R&D expansion, including new electric motorcycles set for FY 2025-26 delivery.

Notice of Postal Ballot dated 16 July 2024.

The global shipping industry faced significant challenges, with spot freight rates increasing by around 105% in three months. Companies like Bajaj Auto and CEAT experienced disruptions similar to the Covid era, highlighting severe container shortages affecting various sectors, including agriculture and automotive.

The move aims to reduce its debt and finance capital expenditures. The fundraising will occur in two-three tranches over the next 12-18 months. The formal announcement is expected in a few days. According to the sources mentioned above, the company has approached several bankers for the fundraising process and discussions with ICICI Securities are in the final stage.

Please find enclosed the transcripts of the conference call held on 16 July 2024 in respect of the Company's Q1-FY25 results.

Foreign investors are increasingly favoring India's discretionary consumption and capital expenditure sectors, with a significant rise in equity allocations. Sectors like capital goods, auto, and telecom are attracting substantial investments, offsetting outflows from other sectors like financial services and FMCG.

Stock markets hit new highs as Sensex crosses 81,000 and Nifty tops 24,800. Expert opinions on Bajaj Auto, Ultratech, and KEC International provide insights for investors. Recommendations include price targets and stop loss levels for risk management.

Bajaj Auto shares dipped by 3.7%, reaching Rs 9,295.50 post a profit of Rs 1,942 crore, marking an 18% YoY rise. Revenue increased by 16% to Rs 11,932 crore. Despite a sequential PAT drop of 3.4%, Q1FY25 EBITDA surged 24%, surpassing estimates. Brokerages gave mixed ratings: Nuvama, JM Financial, and Nomura rated 'Buy'; CLSA rated 'Underperform'.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 271316.66 Crore) operating in Auto sector.

Bajaj Auto's share price soared by over 99% in a year, increasing from Rs 4,859 on July 14, 2023, to Rs 9,685 on July 15, 2024. It hit a record high of Rs 10,037 on June 18, 2024, but the rally lost steam soon after. Following this, the stock corrected a little before finding support above the 40-Day Exponential Moving Average (EMA) on the daily charts in July.