A robust growth in volumes has pushed Bajaj Auto's market share to a four year high, aided by price drops in two key high volume models.A fifth of the domestic motorcycle market is now controlled by the Pune-based manufacturer of Pulsar and Avenger. The company recorded a market share of 20.06 percent by September-end, the highest since October 2014 when it recorded a 20.25 percent share in the domestic motorcycle market.The company had been striving hard to hit the 20 percent market share for the past several quarters. Despite multiple launches backed by relentless marketing efforts and sales promotion exercises, volume growth remained insignificant.Close In June last year, its motorcycle market share fell to a record low of 11.21 percent after its ploy of multiple launches in the budget and commuter segment failed to yield desired results. related news Not a fee hike, what JNU needs is a alumni funding network Apple bans vaping apps from App Store … [Read more...] about Entry-level bikes put Bajaj Auto on growth lane; market share at 4-year high
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Foreign brokerage firm Nomura Singapore picked up 9,50,000 shares of Eris Lifesciences at the price of Rs 410 per share through a bulk deal on BSE on November 15.The pharmaceutical company, on November 7, had reported a 9 percent year-on-year (YoY) rise in its consolidated net profit to Rs 92.71 crore in Q2FY20 against 85.50 crore in the corresponding quarter of the previous financial year.The company's sales stood at Rs 280.46 crore in Q2FY20, rising 8 percent YoY from Rs 260.56 crore that it had reported in Q2FY19.Close The standalone net profit of the company rose nearly 9 percent to Rs 91.53 crore in the September quarter of FY20 against Rs 83.98 crore during the previous quarter ended September 2018. related news Indian rupee extends gains for 2nd day, rises 18 paise to 71.78 vs USD Dish TV India share price gains 3% after substantial improvement in Q2 margin Page Industries share price up 5% Standalone sales rose 13.22 percent to Rs 268.42 crore in the quarter ended … [Read more...] about Nomura Singapore picks up 9.5 lakh shares in Eris Lifesciences
A Bengaluru-based electric bike start-up has launched a high-power motorcycle this week, priced on par with 300cc petrol-powered bikes. This breaks the misnomer that electric vehicles (EVs) will always be priced at a premium over their petrol counterparts.The all-electric Ultraviolette F77 priced at Rs 3 lakh hits a top speed of 147 km per hour while the BMW G310 GS priced at Rs 2.99 lakh has a top speed of 143 km per hour.Will this change the way buyers look at EVs given that a part of the price will contain government subsidy? What if the incentives are to be reduced over time as China has done?Close More on this later in the copy but here is a complete round-up of all the important headlines in the auto space this week. related news Not a fee hike, what JNU needs is a alumni funding network Apple bans vaping apps from App Store Airtel & Vodafone oppose IUC removal even as industry, TRAI favour new regime: Report Honda launches the first motorcycle with BS-VI … [Read more...] about This week in Auto: Electric bike prices finally match petrol counterparts; Bajaj’s Chetak to be base for KTM
Telecom stocks witnessed a big rally on November 15 after media reports suggested that the government would step in to help the ailing sector.The S&P BSE Telecom index rallied by over 8 percent, led by gains in Idea Cellular which rallied 24 percent, followed by Bharti Infratel which gained 9.1 percent, and Bharti Airtel closed with gains of 8.4 percent.Close Telecom stocks saw the traction after sources had said that the panel of committee of secretaries (CoS) was mulling floor price on data and voice tariffs and had sought recommendations from Department of Telecom (DoT) on setting a minimum charge for all tariffs for telecom players while assessing the impact it would have on telecom operators, CNBC-TV18 reported. related news Bharti Airtel share price gains despite dismal Q2 numbers; UBS retains buy AGR Liability | Vodafone and Bharti provisions for govt dues are not a favour to DoT or SC. It’s per the law of the land Market Headstart: Nifty50 seen opening … [Read more...] about MC Special podcast: What should investors do with Bharti Airtel, Vodafone Idea?
The range-bound market ended flat during the week ended November 15 amid weak macro data and no major development on the global front.The Sensex rose 33.08 points to end at 40,356.69, while the Nifty was down 12.65 points ended at 11,895.5 in the last week.Foreign Institutional Investors (FIIs) sold equities worth Rs 321.30 crore, while Domestic Institutional Investors (DIIs) also sold equities worth of Rs 514.61 crore.Close The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week. related news Nomura bullish on these 2 infrastructure stocks, sees more than 45% upside Global analysts slash price target of Varroc Engineering, Credit Suisse downgrades These 2 consumer stocks could benefit the most from disruption in wholesale Here are the top 10 stocks which gained or fell the most in the last week:Prime Focus | Down 20 percentShares price fell 20 percent in the past week after the … [Read more...] about Prime Focus, Amara Raja, Suzlon among 10 stocks that rose/fell most the past week