Latin America contributes 20 percent of Bajaj Auto’s exports with Argentina being one of the key growth markets. Exports overall account for 50 percent of its revenue and enjoy 20 percent EBITDA margin.
Posts tagged MC
Bajaj Auto dips 2% on export woes as Argentina’s peso tanks (18-12-2015)
Oil heads for third weekly loss after Fed rate hike (18-12-2015)
US crude’s West Texas Intermediate (WTI) futures CLc1 were down 18 cents at USD 34.77 a barrel by 0104 GMT (8.04 am EDT). The contract fell 1.6 percent to USD 34.95 a barrel on Thursday.
Nifty opens below 7850, Sensex weak; Bajaj Auto, TCS drag (18-12-2015)
Bajaj Auto, Vedanta, TCS, MM and Dr Reddy’s Labs are major losers while HDFC, NTPC, Maruti and Hindalco are top gainers in the Sensex.
See gap down opening led by weak global cues: ICICIdirect (18-12-2015)
Nifty is likely to open gap down on the back of negative global cues. It is likely to trade in the range of 7800-7900, says ICICIdirect.
CBI has been told to target opposition parties: Kejriwal (18-12-2015)
In a no holds barred attack against the Centre over CBI raids at Delhi Secretariat, Chief Minister Arvind Kejriwal revealed, “A CBI officer told me yesterday that nodal agency has been asked to target all opposition parties and finish those who don’t fall in line.”
Bull’s Eye: Buy DLF, Wockhardt, GIC Housing, SAIL, NCC (18-12-2015)
Manas Jaiswal of manasjaiswal.com recommends buying Firstsource Solutions with a target of Rs 47.50 and Indian Hotels with a target of Rs 120.
No plans to list general insurance biz: HDFC’s Mistry (18-12-2015)
HDFC ERGO General Insurance on Thursday announced that Germany’s ERGO International will buy 22.9 percent additional stake in the company.
Stocks in news: HDFC, Maruti, Infosys, Power Grid, Vedanta (18-12-2015)
HDFC | Maruti Suzuki | Infosys | TCS | HCL Technologies | Wipro | Mahindra Mahindra | Power Grid | Somany Ceramics | Vedanta | Jyoti | Prestige Estates | Idea Cellular | Mutoot Finance | Tata Power and Gujarat Gas are stocks, which are in the news today.
Argentine peso loses 30% of value after controls lifted (18-12-2015)
At the close of trading on the first day without the currency limits, dollars were changing hands for 14 pesos, more than 42 percent higher than the closing rate on yesterday.
Carmakers call for clear plan after Delhi smog crackdown (18-12-2015)
A Supreme Court decision on Wednesday to alleviate the smog-choked capital has unsettled India’s car industry, which says an uneven, haphazard policy makes it hard to plan investments and allows damaging regulatory arbitrage across states.