Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Bajaj Auto Shares Decline Over 2 Pc, After Q4 Earnings
Shares of Bajaj Auto dipped over 2 per cent in early trade on Thursday after the company reported a 2 per cent decline in consolidated net profit for the fourth quarter ended March 2022.
The shares of Bajaj Auto declined 2.58 per cent to Rs 3,804.80 on the BSE. At the NSE, the stock dipped 2.57 per cent to Rs 3,805 apiece. Bajaj Auto on Wednesday reported a 2 per cent decline in consolidated net profit at Rs 1,526 crore for the fourth quarter ended March 2022, as sales in both domestic and export markets were hit by weak demand and semiconductor shortage.
The Pune-based company had reported a consolidated net profit of Rs 1,551 crore in the January-March quarter of 2020-21. Total revenue from operations declined to Rs 7,975 crore during the fourth quarter, as compared with Rs 8,596 crore in the same period of FY21. The company's total two-wheeler and commercial vehicle sales declined by 17 per cent to 9,76,651 units in the fourth quarter, as against 11,69,664 units in the same period of 2020-21 fiscal.
(PTI)
