Latest Stock Market News

The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 115.5.

Powell, in a speech to lawmakers overnight, said recent stronger-than-expected economic data in the United States suggests that the ultimate level of interest rates could be higher than previously anticipated.

Bajaj Auto, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 105346.44 Crore) operating in Auto sector.

The consensus recommendation from 9 analysts for the stock is a Buy. Out of the 9 analysts covering the stock, eight have strong buy and buy ratings, while one has a sell rating.

Promoters held 38.19 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.0 per cent and 21.46 per cent, respectively.

The Nifty Bank index was trading 0.25 per cent down at 41245.4.

The brokerage advises investors to adopt a staggered approach to invest from a long-term perspective.

The company has begun phased commissioning of a 6 mtpa pellet plant at KPO, which would fully replace the market purchase of pellets in FY2024E and reduce costs, Kotak report said. Further, the 2.2 mtpa CRM mill at KPO should be commissioned in 2HFY24E and aid margins on value addition, it added.

Choosing the right option: You can embrace equity in one of two major ways – directly investing in stocks or via equity mutual funds. Your decision should be based on your risk appetite and understanding of the market. It is advisable to opt for equity funds, if you are a novice, since your funds would be managed by a professional fund manager capable of taking the right decisions.

A total of 148,777 shares changed hands on the counter till 11:59AM (IST)