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NIfty Round Up For 18 March,2024:

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Nifty around 22,050, Sensex up 100 pts; auto, metal, realty gain:


Indian benchmark indices ended on a positive note in the volatile session on March 18 with Nifty around 22,050.


Tata Steel, M&M, JSW Steel, Tata Motors and Apollo Hospitals were among the top gainers on the Nifty, while losers included Tata Consumer Products, UPL, Infosys, TCS and Titan Company.


Among sectors, capital goods, healthcare, auto, realty, metal, media up 0.5-3 percent, while IT, and FMCG down 0.5-1 percent.


BSE Midcap and Smallcap indices ended on a flat note.


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Topic :- Time:3.00 PM


Nifty spot if manages to hold and close above 22040 level then expect some further pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.


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Topic :- Time:3.00 PM


Nifty spot if manages to hold and close above 22040 level then expect some further pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.


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Topic :- Time:2.30 PM


GOLD Trading View:

GOLD is trading at 65475. If it manages to trade and sustain above 65500 level then expect some upmove in it and if it breaks and trade below 65420 level then some decline can follow in it.


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Topic :- Time:2.40 PM


Just In:

Narayana Murthy gifts Infosys shares worth ₹243 crore to grandson Ekagrah Rohan Murty


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Topic :- Time:2.10 PM


Nifty future cmp-22150. Immediate Support- 22134 and Resistance: 22180. Expect 50-60 points move in nifty future in either direction whichever gets breached first.


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Topic :- Time:2.10 PM


Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail has filed its draft red herring prospectus (DRHP) with Sebi to raise funds from public.



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Topic :- Time:1.50 PM


Just In:

J Kumar Infra wins ₹334.25-crore project from NBCC to build Delhi Transport Corporation depot.


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Topic :- Time:1.10 PM


Nifty spot is trading at 22072. If it manages to trade and sustain above 22100 level then expect some upmove in the market and if it breaks and trade below 22040 level then some decline can further follow in the Nifty.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 760. If it holds below 762.40 level then expect it to test 756-755 levels quite soon and once it manages to trade and sustain above 762.40 level then some upmove can be seen in the Copper.


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Topic :- Time:12.15 PM


Just In:

Torrent Power gains over 7% on bagging 300 MW wind solar hybrid project.


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Topic :- Time:12.00 PM


Nifty is trading in a range however traders should wait for clear cues before taking big positions. Nifty spot if manages to trade and sustain above 22020 level then expect some upmove in the market and if it breaks and trade below 21980 level then some decline can be seen in it.


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Topic :- Time:11.45 AM


Just In:

Let SBI not be selective in disclosure�: Supreme Court asks bank to submit affidavit that no info on electoral bonds has been withheld.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty in red; IT, Banks lead drags, Metals shine

2. Several of Adanis dollar bonds fell most in over six months on US probe

3. US probe into alleged bribery by Adani takes big toll on shares

4. Police close rape charges case against Sajjan Jindal

5. Putin cautions on World War 3 after landslide victory

6. BAT sells 3.5% stake in ITC.

7. Bhartis OneWeb vies to outpace Starlink and Jio

8. Bata India MD on driving premiumisation

9. Adani ready with Rs 1.2 lakh crore plan for FY 25

10. Coforge board nod to raise Rs 3,200 crore amid IPO withdrawal



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Topic :- Time:11.00 AM


After minor negative opening nifty is still trading in red zone with minor losses. Nifty spot if breaks and trade below 21980 level then expect some decline in it and if it manages to trade and sustain above 22020 level then some upove can be seen in the market.


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 18 March,2024:


Nifty is likely to remain volatile and is expected to follow global cues. Traders are advised to wait for some time before taking delivery long positions and should prefer to do day trading. 


Nifty spot if manages to trade and sustain above 22060 level then expect some upmove in the market and if it breaks and trade below 21980 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.


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Stock Market Wrap Up For 14 March,2024

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Share Market Closing Note


At close, Sensex was up 335.39 points or 0.46% at 73,097.28 and Nifty was up 149 points or 0.68% at 22,146.70.


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Topic :- Time:3.00 PM


Nifty spot if holds above 22080 level on closing basis then expect some further pullback in the market in coming sessions and if it closes below above mentioned level then some sluggish move may happen. Avoid open positions for tomorrow.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6657.If it holds above 6630 level then expect quick upmove in it till 6700-6720 level and if it breaks and trade below 6630 level then some decline can follow in it.


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Topic :- Time:2.10 PM


Nifty is trading volatile now and due to uncertainty one should avoid big positions. Nifty spot if manages to trade and sustain above 22120 level then expect some upmove in the market and if it breaks and trade below 22000 level then some decline can be seen in the Nifty.


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Topic :- Time:1.10 PM


Just In:

Railway stocks bounce back; IRFC, Railtel, RVNL, others surge up to 11%


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Topic :- Time:1.00 PM


Nifty spot if manages to trade and sustain above 22180 level then expect some upmove in it and if it breaks and trade below 22140 level then some decline can follow in the market.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 751.75. If it manages to trade and sustain above 753 level then expect some upmove and if it breaks and trade below 749.80 level then some decline can be seen in it.


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Topic :- Time:12.15 PM


Just In:

One nation, one election: Ram Nath Kovind panel submits report to President Droupadi Murmu.


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Topic :- Time:12.00 PM


Indian stock market is showing sharp recovery today however participation of banknifty is still less. Nifty spot if manages to trade and sustain above 22180 level then expect some further upmove in the market and if it breaks and trade below 22140 level then some decline can be seen in the market.


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Topic :- Time:11.45 AM


Just In:

Fitch expect RBI to cut rate b 50 BPS.



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Topic :- Time:11.30 AM


News Wrap up:

1. Sensex recovers from days low, jumps 200 pts

2. An $80 billion crash in Indian smallcaps flashes warning signs

3. Fitch raises Indias GDP forecast, trims aim for China

4. 374 smallcaps fall at least 30% from peak

5. Investors warm up to Vi, but fundraising call on hold

6. Found negligence by Byjus auditors: ICAI

7. Hindenburgs objective to destabilise us: Adani 

8. RIL arm invests Rs 853 cr in its subsidiaries

Hidden Gems For Investment. Watch it out

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In the vast landscape of the stock market, there lies a realm often overlooked by the masses – the realm of hidden gem investments. These are the diamonds in the rough, the under-the-radar companies with immense potential waiting to be unearthed by savvy investors.

While many flock to popular stocks and trends, the true magic of investing often lies in uncovering these hidden gems – companies with strong fundamentals, innovative products or services, and promising growth prospects that have yet to be fully recognized by the market.

So, how does one go about finding these hidden gems? It requires a blend of research, patience, and a keen eye for spotting opportunities where others may not. Start by delving into sectors that are often overlooked or undervalued, keeping an ear to the ground for emerging trends or disruptive technologies.

Additionally, look for companies with solid financials, strong management teams, and a unique value proposition that sets them apart from the competition. Pay attention to metrics like revenue growth, profit margins, and cash flow to gauge the health and potential of a company.

But perhaps most importantly, don't underestimate the power of patience. Hidden gem investments may take time to fully blossom, but for those willing to wait and hold steadfast in their belief, the rewards can be significant.

In a world where the spotlight often shines brightest on the biggest names and hottest trends, there's a certain thrill in discovering the hidden gems that have yet to be fully appreciated. So, roll up your sleeves, dig deep, and embark on the journey of uncovering hidden gems for investment – you never know what treasures you may find.

Undiscover HIDDEN GEM STOCKS in THIS VIDEO:



Mastering Long-term Investing: Essential Tips for Success in the Indian Stock Market

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Introduction:

Investing in the Indian stock market can be a lucrative endeavor, especially when approached with a long-term perspective. While short-term fluctuations can be unpredictable, adopting a strategic and patient approach can yield significant returns over time. In this article, we'll explore some essential tips for long-term investing in the Indian stock market, helping you navigate the complexities and maximize your investment potential.


Conduct Thorough Research:

Before diving into the market, it's crucial to conduct thorough research on potential investment opportunities. This includes analyzing the fundamentals of companies, understanding their business models, financial health, growth prospects, and competitive positioning. Additionally, keep abreast of macroeconomic factors and industry trends that could impact your investments.


Diversify Your Portfolio:

Diversification is key to managing risk in any investment portfolio. Spread your investments across different sectors, industries, and asset classes to minimize the impact of any single adverse event. In the Indian context, consider diversifying across sectors such as IT, pharmaceuticals, consumer goods, and financial services, among others. This approach can help mitigate the inherent volatility of the stock market.


Focus on Quality Stocks:

In the pursuit of long-term wealth creation, prioritize quality over short-term gains. Look for companies with strong fundamentals, sustainable competitive advantages, and robust track records of performance. Blue-chip stocks with established market positions, consistent earnings growth, and shareholder-friendly management are often favored by long-term investors.


Practice Patience:

Long-term investing requires patience and discipline. Avoid succumbing to the temptation of frequent trading or trying to time the market. Instead, stay focused on your investment objectives and remain committed to your chosen investment strategy, even during periods of market volatility. Remember, successful investing is a marathon, not a sprint.


Reinvest Dividends:

Reinvesting dividends is a powerful strategy for compounding wealth over the long term. Rather than pocketing dividend payouts, consider reinvesting them back into the market to purchase additional shares of stock. Over time, this reinvestment can significantly enhance your total returns and accelerate the growth of your investment portfolio.


Keep Emotions in Check:

Emotions can often cloud judgment and lead to impulsive investment decisions. Whether it's fear during market downturns or greed during bull markets, it's essential to keep emotions in check and stick to your long-term investment plan. Remember that volatility is a natural part of the market cycle, and maintaining a rational mindset can help you navigate through turbulent times.


Monitor and Review Regularly:

While a long-term perspective is crucial, it's also essential to regularly monitor and review your investment portfolio. Keep track of company performance, industry developments, and changes in economic conditions that may affect your investments. Periodically rebalance your portfolio if necessary to ensure it remains aligned with your investment objectives and risk tolerance.


Conclusion:

Long-term investing in the Indian stock market can offer substantial rewards for investors willing to adopt a patient and disciplined approach. By conducting thorough research, diversifying your portfolio, focusing on quality stocks, practicing patience, reinvesting dividends, keeping emotions in check, and monitoring your investments regularly, you can position yourself for long-term success in the dynamic world of investing. Remember, the key to wealth creation lies in staying the course and letting the power of compounding work in your favor over time.


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Indian Stock Market Wrap Up For 06 Mar,2024:

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Share Market Closing Note


Sensex ends atop 74,000, Nifty 22,450 for 1st time; Smallcap index down 2%:


Equity benchmarks staged a smart recovery in the last hour of trade, helping these indices hit fresh record highs, amid a sharp swing in banking and financial shares. That apart, liquidity-related cues from China aided sentiment.


Chinas central bank governor said there was room to further cut banks reserve requirements. This is part of Beijings broader economic policy adjustments so the economy can hit its growth target of around 5 per cent for the year.


The S&P BSE Sensex, which stayed in the negative zone for the better part of the day, closed 409 points, or 0.55 per cent, higher at 74,086 levels. The Nifty50, too, surpassed the 22,450-mark to end at 22,474, up 118 points or 0.53 per cent.


The BSE benchmark hit a record high of 74,151, while the Nifty50 claimed 22,497 intraday.


Kotak Bank, Axis Bank, Sun Pharma, Bharti Airtel, ICICI Bank, IndusInd Bank, HCL Tech, Titan, TCS, L&T, and M&M were the top gainers today, surging up to 2.45 per cent. 


In the broader markets, the BSE MidCap and the BSE SmallCap indices, however, stayed in the profit-booking zone with the indices down 0.65 per cent and 1.9 per cent , respectively.


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Topic :- Time:3.00 PM


Nifty spot if manages to hold and close above 22420 level then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish move can follow. Avoid open short positions for tomorrow.


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Topic :- Time:2.00 PM


Nifty now turned in green following banknifty foot steps. Nifty spot if manages to trade and sustain above 22400 level then expect some further upmove in the market and if it breaks and trade below 22360 level then some decline can be seen. Currently Nifty spot is at 22393.


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Topic :- Time:1.55 PM


Just In:

Ajmera Realty secures ₹500-crore credit facilities for Mumbai residential project.


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Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 64815. If it breaks and trade below 64780 level then expect some decline in the market and if it manages to trade and sustain above 64880 level then some upmove can be seen.


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Topic :- Time:1.10 PM


Just In:

Reliance Cap lenders advisors ask Hindujas to submit resolution plan by Mar-end


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Topic :- Time:1.00 PM


Nifty is in no trading zone. Nifty and Midcaps are falling whereas banknifty is only rising. Traders are advice to wait for clear direction before taking big positions. Wait and watch should be approach right now. 


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Topic :- Time:12.55 PM


Just In:

RBIs recent crackdown on NBFCs raises concerns over asset quality and risk management


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Topic :- Time:12.55 PM


Just In;

The IPO of Kerala-based automobile dealer #PopularVehicles & Services opens for bidding on March 12.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 727. If it manages to trade and sustain above 728.40 level then expect some upmove in it and if it breaks and trade below 726.20 level then some decline can be seen in it.


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Topic :- Time:12.00 PM


Nifty spot is trading at 22234 minus 122 points and Banknifty spot is trading at 47993 plus 413. Any side move is possible from here. Nifty spot if manages to trade and sustain above 22240 level then expect some upmove and if it breaks and trade below 22200 level then some decline can be seen in the market.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Nifty Media, IT and metal indices worst hit

2. Zomato dips 4% as Ant likely sells Rs 3,000 cr stake via block deal

3. RBI issues directions for issuance of credit cards

4. Blackstone wants to double India warehouses

5. Sebi may take action against JM Financial for its alleged role in inflating IPO subscription numbers

6. Greeces Eurobank eyes presence in India

7. DBS CEOs total pay dropped 27% in 2023

8. BHEL bags order worth Rs 9,500 cr

9. Fairfax India agrees to offer up to $200-million liquidity support to IIFL Finance

10. Vodafone Idea meets 5G minimum roll-out obligations in 4 circles


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 06 Mar,2024:


Flat opening expected today in Nifty. Nifty is likely to remain sideways in fist half. Nifty spot if manages to trade and sustain above 22400 level then expect some upmove and if it breaks and trade below 22300 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.


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Former Twitter CEO Parag Agrawal, three others sue Elon Musk for over $128 million in severance

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Four former top Twitter executives, including former CEO Parag Agrawal, have sued Elon Musk for over $128 million in combined unpaid severance, according to a lawsuit filed on Monday.


The lawsuit, filed in federal court in San Francisco, is the latest in a series of legal challenges the billionaire faces after he acquired the social media company for $44 billion in October 2022 and later renamed it X.


The other plaintiffs are Ned Segal, Twitter's former chief financial officer; Vijaya Gadde, its former chief legal officer; and Sean Edgett, its former general counsel.


Mere minutes after Musk took control of Twitter, the former executives say they were fired and that Musk falsely accused them of misconduct and forced them out of Twitter after they sued the billionaire for attempting to renege on his offer to purchase the company.


Musk then denied the executives severance pay they had been promised for years before he acquired Twitter, according to the lawsuit. The plaintiffs say they each are owed one year's salary and hundreds of thousands of stock options.


"This is the Musk playbook: to keep the money he owes other people, and force them to sue him," the former executives said in the 39-page lawsuit.


X is already facing a pair of proposed class actions claiming it owes rank-and-file workers who were laid off after Musk's acquisition at least $500 million in severance, and a third lawsuit by six former senior managers making similar claims. X has denied wrongdoing.


The company has also been sued previously for failing to pay its former public relations firm, landlords, vendors and consultants.


X did not respond to a Reuters request for comment.

SEBI asks small- and mid-cap funds to disclose more about risks

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India's market regulator has asked the country's asset managers to give investors more information about the risks associated with their small and mid-cap funds, according to a fund manager and two people with knowledge of the matter.

Small and mid-sized funds have seen high inflows, causing concern among authorities about how they would hold up in the event of a sharp market selloff. The Securities & Exchange Board of India (SEBI) has also been reviewing stress tests conducted by such funds, sources have previously said.

The funds are being asked to disclose how long it might take to accommodate large redemptions, what impact large outflows could have on the value of the portfolio and how much cash and liquid assets the fund holds to meet outflows, the people said.

"Investment committees were always aware of liquidity challenges but investors were not. Once this information is available to them, they can compare each fund," said Harsha Upadhyaya, chief investment officer at Kotak Mutual Fund.



The Association of Mutual Funds in India (AMFI), which is working with SEBI, is proposing a standardised format for the disclosure of risks, he said, adding that the disclosures would be made on a regular basis.

Banks see opportunity in Paytm implosion, look to corner QR code, sound box business

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Seeing an opportunity in the pickle Paytm Payments Bank (PPBL) finds itself in following action by the Reserve Bank of India (RBI), some banks are moving in to corner a larger share of the QR code and sound box business.


Recently,  frequently asked questions (FAQs) released by the central bank  on the PPBL issue had clarified that in order to continue receiving payments, merchants need to obtain fresh QR codes linked to an account with a different bank or wallet before March 15, 2024.


On January 31, the RBI imposed major business restrictions on PPBL, including a bar on accepting fresh deposits and doing credit transactions after February 29. On February 16, it extended the deadline to March 15.


A senior Bank of India (BoI) official told Moneycontrol that the lender has told all branches to work on greater penetration of its QR codes after the Paytm crisis.


“We have asked all our branches to increase the penetration of QR codes across India,” the official said on condition of anonymity.


Also, BoI has hired an agency to advise the bank on increasing the penetration of sound boxes, the official said. He, however, did not mention the agency’s name. Per BoI’s December quarter investor presentation, the bank has 1.8 crore UPI users.


Similarly, YES bank has started promoting its UPI application and QR codes after the PPBL crisis.


“We have launched Yes Pay Next recently, and the initial response has been encouraging enough for us to continue investment in this app, and service the UPI needs of customers,” Naveen Chaluvadi, Chief Digital Officer, Yes Bank told Moneycontrol.


Chaluvadi said that of late, the bank has seen a surge of enquiries regarding QR codes at its branches.


“However, we shall offer the merchant solution only where we believe it will help us service a wider range of merchant needs, and not just remain as a one-point solution provider to the merchant,” he explained.


He added that YES Bank has been issuing QR codes in the market through aggregators like Phonepe, Bharatpe, and others, and has been a leading player in this space.


An email sent to Bank of India remained unanswered.

Deepfake scam: Company loses around Rs 207 crore after employee connected to a video call

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multinational company based in Hong Kong has incurred a colossal loss of $25 million (around Rs 207 crore) due to a sophisticated deepfake scam. According to reports, scammers utilized advanced deepfake technology to deceive an unsuspecting employee at the Hong Kong branch.


The elaborate scheme unfolded in January when an employee in the company's finance department received a message purporting to be from the company's UK-based chief financial officer, as reported by the South China Morning Post (SCMP) and Business Insider. Subsequently, the employee engaged in a video call with the alleged CFO and other company employees, only to discover later that all participants were skillfully crafted deepfake personas.


During the manipulated video call, the employee received instructions that led to the transfer of HK$200 million (equivalent to $25.6 million/ Rs 207 crore) across 15 transactions to various Hong Kong bank accounts, as outlined by SCMP. The fraudulent activity remained undetected until a week into the scam when the deceived employee, sensing something fishy contacted the company's headquarters.

The Hong Kong police, refraining from disclosing specific company and employee details, disclosed that the scammers generated deepfakes of meeting participants using video and audio footage that were available online. Remarkably, the victimized employee did not recognize the artificial nature of the deepfakes during the video conference.


Investigations are currently underway, but as of now, no arrests have been made, highlighting the challenges authorities face in combating such technologically advanced cybercrimes.


The incident underscores the growing threat of deepfake technology in perpetrating financial fraud and corporate deception. Beyond financial scams, deepfake videos have become a global concern, as highlighted by the recent wave of sexually explicit deepfake videos involving international pop sensation Taylor Swift circulating on platforms like X and Telegram.


Just recently, prominent personalities such as Alia Bhatt, Katrina Kaif, Rashmika Mandanna and more have become the victim of deepkfakes that raised a lot of security as well as privacy concerns in the country. The latest one to fall in this was Akshay Kumar who expressed disappointment as a deepfake of him promoting a game app circulated online. He also took legal action and filed a cyber complaint against the unauthorized use of his identity. It now remains to be seen how the issue of deepfakes will be countered globally to prevent it from happening.


Bajaj Auto Q3FY24 net profit up 37% YoY at Rs 2,042 crore on robust sales

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The Q3 results exceeded analysts’ expectations as the average estimate of six brokerage firms suggested that the automaker's net profit will increase by 32.25 percent on-year to Rs 1,976 crore

Bajaj Auto Ltd reported a 37 percent year-on-year (YoY) increase in net profit for the third quarter of FY24 at Rs 2,041.88 crore driven by robust sales of its two-wheelers, price hikes and higher realisations amid consistent demand. Its PAT during the corresponding period last year stood at Rs 1,491.42 crore.

Aided by a better product mix in favour of premium vehicles, leading to a higher average selling price (ASP), the Pune-based automaker’s revenue also increased by 30.1 percent to Rs 12,114 crore during October-December 2023. Its turnover during Q3FY23 stood at Rs 9,315 crore.

The Q3 results exceeded analysts’ expectations as the average estimate of six brokerage firms suggested that Bajaj Auto’s net profit will increase by 32.25 percent on-year to Rs 1,976 crore. The estimates had projected the company’s revenue to rise 28.5 percent on-year to Rs 11,971 crore.

Furthermore, its earnings before interest, tax, depreciation and amortisation (EBITDA), increased 36.8 percent YoY to Rs 2,430 crore against Rs 1,776 crore in the year-ago period. Its operating margin also increased to 20.1 percent from 19.1 percent in Q3FY23.


On the back of strong momentum in the domestic market, the automaker reported a 32 percent YoY growth in sales at 12,00,997 units in the December quarter. The company reported a total sales of 3,26,806 units in December 2023, registering a growth of 16 per cent from 2,81,514 units sold in December 2022

Bajaj Auto’s share price went up 1.71 percent at Rs 7,211.40 on BSE when the Q3 results were announced.

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