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TVS Motor, Hero MotoCorp lead auto stock decline despite strong sales data; Nifty Auto falls over 1%
Among the top losers in the Nifty Auto index were TVS Motor Company, Hero MotoCorp, Eicher Motors, and Ashok Leyland, with shares falling between 1% and 3%. Other laggards included Maruti Suzuki and Tata Motors Passenger Vehicles shares.
Bajaj Auto Q4 Results: Net profit rises 34% YoY to ₹2,746 crore; ₹150 final dividend announced
Bajaj Auto reported a 32% year-on-year revenue increase to ₹16,006 crore for Q4 and the fiscal year ending March 31, driven by robust sales across all segments. EBITDA rose 36% to ₹3,323 crore, while profit after tax reached a record ₹2,746 crore, up 34%.
Trump Delays Iran Deal, Oil Jumps 2% | Wockhardt shares in focus on new drug approval | Opening Bell
Global markets remain on edge as Trump signals no rush for an Iran deal, oil prices climb above $93, and investors await RBI policy cues. FIIs continue selling while auto sales, Wockhardt, and geopolitical tensions stay in focus. Catch all the key triggers on Opening Bell.
Auto shares snap 4-day rally to decline up to 3% after FADA's May sales data
Persistent heatwave conditions in some regions, fuel price trends and the situation in West Asia, along with their impact on freight and input costs, remain key factors to monitor.