BOM:532977

Indian Equities Fall as Selling in Financials, Autos Weigh on Sentiment

Indian benchmark indices closed sharply lower on Monday as selling pressure in financial and automobile stocks weighed on sentiment.The BSE Sensex fell 508.40 points, or 0.7%, to close at 74,267.34, while the NSE Nifty 50 declined 165.15 points, or also 0.7%, to settle at 23,382.60.Market sentiment remained under pressure amid weak global cues and continued foreign portfolio investor outflows. Elevated crude oil prices and the absence of a breakthrough in the Middle East conflict also kept investors cautious.On the economic front, India's manufacturing sector expanded at a faster pace in May. The HSBC India Manufacturing Purchasing Managers' Index rose to 55.0 from 54.7 in April, supported by stronger growth in output, new orders, and purchasing activity.Among corporate developments, Mahindra & Mahindra (NSE:M&M, BOM:500520) reported a 20% year-on-year increase in total vehicle sales for May to 99,636 units. Passenger vehicle sales rose 11% to 58,021 units, while exports climbed 37% to 5,000 units.Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) said total sales increased 20% year on year to 461,257 units in May. Domestic sales rose 10% to 248,031 units, while exports advanced 34% to 213,226 units.

Bajaj Auto's Total Sales Grow 20% in May

Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) total sales increased 20% to 461,257 units in May, from 384,621 units sold a year ago, according to a Monday filing with the Indian bourses.Domestic sales in May rose 10% year on year to 248,031 units, while exports jumped 34% to 213,226 units.The company's two-wheeler sales in May grew 18% year-over-year to 393,204 units, while commercial vehicle sales soared 30% to 68,053 units, the filing said.

Prabhudas Lilladher Downgrades Bajaj Auto to Hold from Accumulate; Price Target is INR10,400

Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) has an average rating of overweight and mean price target of 10,921.92 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Asian Markets Downgrades Bajaj Auto to Accumulate from Buy; Price Target is INR11,000

Nomura Adjusts Bajaj Auto's Price Target to INR10,928 From INR10,446, Keeps at Neutral

Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) has an average rating of overweight and mean price target of 10,605.52 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Jefferies Adjusts Bajaj Auto's Price Target to INR10,500 From INR9,100, Keeps at Hold

Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) has an average rating of overweight and mean price target of 10,605.52 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Bajaj Auto Delivers Strong Fourth-Quarter FY2026 Earnings; Warns of Geopolitical Headwinds

Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) reported robust performance in the fourth quarter of fiscal year 2026, but signaled a cautious near-term outlook for its motorcycle segment amid the ongoing conflict in the Middle East.Fiscal Q4 net profit for the period ended March 31 rose to 27.5 billion rupees from 20.5 billion rupees a year earlier, according to the company's earnings report published late Wednesday.The figure beat analysts' forecast of 25.2 billion rupees, according to LSEG.Earnings per share climbed to 98.2 rupees from 73.3 rupees, while total operating revenue jumped to 160.1 billion rupees from 121.5 billion rupees in the previous year.Analysts surveyed by Visible Alpha expected EPS of 89.75 rupees and total revenue of 148.8 billion rupees.During the company's earnings call, Joint Managing Director Rakesh Sharma noted that the geopolitical crisis in Iran has caused inflationary pressures, leading to higher fuel costs and vehicle price hikes."The demand environment, it has softened in April due to general inflation, increased prices of our vehicles, LPG shortages, manpower migration, and the LPG shortage led effect on the consumer sentiment," Sharma said.The motorcycle division, which saw 20% growth in Q4, is projected to cool significantly, with growth expected to settle between 7% and 9% in the coming months.To offset the broader market slowdown, Bajaj Auto is banking on its premium portfolio and electric vehicle lineup."The electric category in both 3-wheelers and 2-wheelers will witness not just continuity of growth, but perhaps a further increase in growth," Sharma said.Analysts at Jefferies said Bajaj Auto's margins rose higher than their forecast."While rising commodity prices pose some headwind to near-term margins, Bajaj has demonstrated the capability to deliver strong profitability, especially with its diversified portfolio," Jefferies said in a note to clients.Bajaj Auto disclosed plans to repurchase shares worth 56.3 billion rupees for 12,000 rupees per share, its biggest buyback to date.The company also recommended a dividend of 150 rupees per share to be paid out by July 24 to investors registered by May 29.

Bajaj Auto's Consolidated Profit Soars in Fiscal Q4

Bajaj Auto's (NSE:BAJAJ-AUTO, BOM:532977) consolidated attributable profit rose sharply to 36.6 billion Indian rupees in the fiscal fourth quarter ended March 31, from 18.0 billion rupees a year ago.Earnings per share climbed to 130.9 rupees from 64.4 rupees a year earlier, the automobile manufacturer said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 increased to 178.3 billion rupees from 126.5 billion rupees a year ago.The company's board recommended a dividend of 150 rupees per share of face value of 10 rupees each for the financial year ended March 31.

Indian Equities Gain on Monday on Election Trends, Earnings Support

Indian benchmark indices ended higher on Monday, supported by buying in heavyweight stocks, improving earnings outlook, and optimism around election trends.The BSE Sensex rose 355.90 points, or 0.5%, to close at 77,269.40, while the NSE Nifty 50 gained 121.75 points, or also 0.5%, to settle at 24,119.30.Sentiment improved as investors tracked early trends from Assembly Elections across key states of India. Expectations of political stability in the country and continuity in economic policies supported the market.Hopes of progress in U.S.-Iran peace talks also contributed to the positive tone of the markets. Iran has reportedly submitted a 14-point proposal to Pakistan to end the conflict with U.S. on all fronts.Among stocks, Bharat Heavy Electricals (NSE:BHEL, BOM:500103) surged 7% after reporting a sharp rise in consolidated profit to 12.9 billion rupees in Q4 from 5.04 billion rupees a year earlier, according to a Monday filing. Revenue from operations increased to 123.1 billion rupees from 89.9 billion rupees.HFCL (NSE:HFCL, BOM:500183) gained nearly 9% after the company and its subsidiary secured orders worth 842.3 million rupees for supply of optical fiber cables, according to a filing.Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) rose over 1% after total vehicle sales jumped 40% year-on-year in April to 513,792 units, according to a Monday filing.

Bajaj Auto's Total Sales Climb 40% in April; Shares Up 3%

Bajaj Auto's (NSE:BAJAJ-AUTO, BOM:532977) total sales rose 40% to 513,792 units in April from 365,810 units sold a year ago, according to a Monday filing with the Indian bourses.Domestic sales in April rose 13% year on year to 248,210 units, while exports jumped 83% to 265,582 units.The company's two-wheeler sales in April grew 38% year-over-year to 439,953 units, while commercial vehicle sales grew 54% to 73,839 units.The automobile manufacturer's shares were up 3% in recent trade.