2024-10-16 09:46:14 :
Q2 results today: On Wednesday, October 16, several companies will report, including Accelya Solutions India, Aditya Forge, Bajaj Auto, Aditya Birla Money, Citizen Infoline, CRISIL, Hi-Tech Winding Systems, Himadri Specialty Chemical, L&T Technology Services, Mphasis, Nutraplus India, Pasari Spinning Mills, Pondy Oxides & Chemicals, Rajnish Wellness, Sai Industries, Saptak Chem and Business, Shah Metacorp, South Indian Bank and Tips Music. The results are expected to provide important insights into sectors ranging from financial services to manufacturing.
market observation
Indian stocks opened lower on October 16, with both the Sensex and Nifty entering negative territory due to weakness in global markets. IT and auto stocks weighed on the Nifty, while gains in banking and oil and gas sectors helped cushion some of the losses.
As of 9:18 am, the Sensex fell 162 points, or 0.2%, to 81,657 points; the Nifty index fell to 25,021 points, down 36 points, or 0.1%. Market breadth showed 1,446 stocks advanced, 938 stocks declined and 135 stocks were unchanged.
India’s benchmark indices ended lower on Tuesday, with the Nifty closing below 25,100 points. The Sensex fell 152.93 points, or 0.19%, to end at 81,820.12 points; the Nifty fell 70.70 points, or 0.28%, to end at 25,057.30 points.
Market sentiment on October 15 was characterized by bearish activity, with 21 out of 30 stocks in the BSE Sensex closing lower. Bajaj Finance, Reliance Industries, Tata Steel, JSW Steel and Tech Mahindra were among the top losers, down as much as 2.5%. On the other hand, some stocks are performing well despite the downward pressure. ICICI Bank, Bharti Airtel, Asian Paints, Adani Ports and UltraTech Cement were among the top gainers, rising as much as 2%.
Bajaj Auto Q2 results preview
Bajaj Auto expects revenue growth of 23.41% $13,300 Crore in Q2FY25 $According to a Livemint survey of six brokerages, revenue in the same quarter last fiscal was Rs 10,777 crore.
“Domestic sales grew 21% year-on-year and exports grew 7% year-on-year. In the domestic motorcycle segment, after many quarters, the mix is ​​expected to worsen given the increase in sales of Chetak and Freedom 125 and normalization momentum of Pulsar 125.” Motilal Oswal said.
Disclaimer: The above views and recommendations only represent those of individual analysts or brokerage firms, not Mint. Investors are advised to consult a certified expert before making any investment decisions.
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