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Bajaj Auto Q3 Results: Net profit falls 22% to Rs 1,214 cr YoY

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Bajaj Auto Q3 Results: Net profit falls 22% to Rs 1,214 cr YoY

Two- and three-wheeler maker Bajaj Auto on Wednesday reported a 22% drop in net profit to Rs 1,214 crore for the quarter ended December 2021. The company reported a net profit of Rs 1,556 crore in the same period last year.

Operating income edged up to Rs 9,022 crore compared to Rs 8,911 crore in Q3 FY21.

“In the domestic motorcycle market, the industry was down 23% compared to Q3FY21. In contrast, Bajaj Auto sold slightly better sales of over 469,000 units, down 20%. Market share from 18.6% in Q3FY22 improved to 19.2% in 3QFY21 and 18.1% in FY21,” the company said in a stock exchange filing.

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Shares of the company closed up 1.5 percent at Rs 3,453 on the BSE on Wednesday.

The Pune-based company’s total sales across categories fell 10% to 11,81,361 units in the third quarter, compared to 13,06,810 units in the same period last fiscal.

In the domestic commercial vehicle market, the industry grew 5% from the third quarter of the previous fiscal year, the company said.

In contrast, Bajaj Auto grew by 52 percent and reported a market share of 71 percent, continuing to lead the segment across three product categories, it added.

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Bajaj Auto said the company continued to maintain a strong export record with an average monthly sales of more than 2,19,000 units.

“In calendar year 2021, exports exceeded 2.5 million units in volume terms, the highest ever,” it noted.

Bajaj Auto said the company had surplus cash and cash equivalents of Rs 17,883 crore as at December 31, 2021, compared to Rs 17,526 crore as at September 30, 2021.

Complete News Source : Business Standard

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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