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Mandeep Auto Industries IPO GMP: Mandeep Auto Industries\’ SME IPO, aiming to raise Rs 25.5 crore, will be open for subscription until May 15 on NSE SME platform at Rs 67 apiece, with net profit Rs 2.14 crore and 50% reserved for retail investors.
BEIJING (Reuters) – Xiaomi (OTC:XIACF)\’s CEO said the company will offer more details about its production capacity and delivery plan…
Pankaj Murarka discusses Tesla\’s entry into India, emphasizing its impact on the luxury electric vehicle market, global vendors, auto ancillary companies, and the growth of the Indian passenger vehicle market.
Bajaj Auto Share Price: Shares of Bajaj Auto fell 3% at Rs 8,753 on Friday after the two-wheeler major reported a standalone net profit of Rs 1,936 crore for the quarter ended March 31, 2024, which was up by over 35% from Rs 1,432.88 crore reported by the company in the year-ago period.
Bajaj Auto Q4 Results: The company had reported Rs 1,432.88 crore net profit in the year-ago period. The standalone revenue for the reported quarter stood at Rs 11,484.68 crore, up 30% from Rs 8,904.72 crore reported in the corresponding period of the last financial year.
In the dynamic realm of India\’s automotive industry, two formidable titans, Maruti (NS:MRTI) and Hyundai (OTC:HYMTF), reign supreme. A recent report by Bernstein showcased their journey through the ever-evolving landscape of passenger vehicles (PVs) that embodies a saga of innovation, competition, and adaptation.
19 companies, incl. Infosys, Bajaj Auto, HDFC Life, to announce March quarter results today. Infosys expects 0.4% revenue decline, flat profit growth. Bajaj Auto sees 25% volume growth.
Exide and Amara Raja stocks soared due to increasing EV demand. Analysts foresee bright prospects for Exide with Hyundai and KIA partnership, government aid, and EV market growth. The companies are set to capitalize on the rising trend.
Bajaj Auto anticipates a 29% YoY jump in PAT to Rs 1,606 crore for Q4FY24, driven by higher sales volume, richer product mix, and commodity tailwinds. Revenue expected to grow by 24% YoY.
Q4 results: Apart from the IT majors Wipro and Infosys, leading financial companies HDFC Bank and Jio Financial will also report their quarterly earnings during the week.