CLSA maintains an underperform rating on Bajaj Auto with a target price of Rs 7,000. The recent launch of entry-level motorcycles by Bajaj and Triumph, particularly the Speed T4, is seen as promising. However, caution is warranted due to rising competition in the premium segment, moderated growth in the over-250cc category, and ongoing pressure in key export markets.
Posts in category Economic Times
F&O Radar| Deploy Bull Call Spread in Nifty to gain from bullish market stance (18-09-2024)
Overall one can play the positive to range bound stance and expect an up move towards 25600-25750 zones.
Stocks to buy today: Cummins India, NTPC among top trading ideas for September 18, 2024 (18-09-2024)
The Indian market is expected to rise on Wednesday, influenced by positive global trends. Nifty futures closed positively at 25,448 levels on Tuesday. Options data suggests a broader trading range between 25,000 to 25,800 zones. Analysts recommend holding above 25,350 for an upward move towards 25,550 and 25,750 zones.
Mazagon Dock Shipbuilders shares to trade ex-dividend tomorrow (18-09-2024)
Shares of defense PSU Mazagon Dock Shipbuilders are in focus today, as the company has set September 19 as the record date for determining shareholder eligibility for dividend payments. Consequently, today is the last opportunity to purchase shares to qualify for the announced dividend of Rs 12.11 per share, which was declared earlier in May for the financial year 2023-24.
ETMarkets Smart Talk: Stock Picker’s Paradise! Rajesh Bhatia on identifying opportunities in record-high markets (18-09-2024)
September 2024 has already seen Nifty falling by 1.19% (till 9th Sep’24) tracking weak macro data from the US, deepening China-U.S. trade disputes, unpredictability surrounding the U.S. presidential election, and a dearth of stimulus policies from China to spur economic expansion.
Last day to buy for eligibility! Multibagger smallcap stock goes for 1:10 stock split (18-09-2024)
Nandan Denim, a multibagger small-cap company, is attracting attention today as the board of directors has set September 19 as the record date for its 1:10 stock split. Consequently, today is the last opportunity for investors to purchase shares and qualify for the split. The company had approved the share sub-division earlier in June before announcing the record date in September.