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    BAJAJ-AUTO   INE917I01010

BAJAJ AUTO LIMITED

(BAJAJ-AUTO)
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Indian shares close at near record levels on financial boost, vaccine availability

07/05/2021 | 06:39am EDT
FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares ended points away from record levels on Monday, lifted by strong gains in financials and on hopes of a sustained economic recovery with wider availability of COVID-19 vaccines.

The blue-chip NSE Nifty 50 index closed 0.71% higher at 15,834.35 and the benchmark S&P BSE Sensex ended up 0.75% at 52,880. The Nifty 50 is on track to reverse the 0.87% drop clocked last week.

Both indexes scaled all-time highs last month aided by a steady dip in COVID-19 cases, relaxation of pandemic-led curbs and a rise in daily vaccinations. With software services giant Tata Consultancy Services set to report first quarter earnings on July 8, investors are hopeful that strong results will boost the market sentiment.

The Nifty Bank index closed up 1.16%, boosted by top private sector lender HDFC Bank. The lender's shares ended 1.1% higher after it reported strong growth in loans and deposits. The Nifty PSU Bank index also closed 0.93% higher.

Shares of top automakers helped the Nifty Auto index close 0.57% higher as Royal Enfield-maker Eicher Motors, Bajaj Auto and Jaguar Land Rover-parent Tata Motors ended between 0.4% and 1.7% higher on June sales data.

Panacea Biotec shares rose as much as 9% after the biotechnology firm got the Indian drug regulator's nod to manufacture the Russian Sputnik V vaccine.

The Economic Times reported Moderna's COVID-19 vaccine was likely to be available in a few major government hospitals in India by July 15.

Shares of agrochemical firm India Pesticides jumped as much as 24.3% to 368 rupees in their market debut.

Global markets were hovering close to record highs on Monday as worries about the Delta variant of COVID-19 offset positive sentiment from surging euro zone business activity and a U.S. jobs report signalling an intact economic recovery. [MKTS/GLOB]

(Reporting by Shivani Singh in Bengaluru; Editing by Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ AUTO LIMITED 0.28% 3809.8 End-of-day quote.10.30%
EICHER MOTORS LIMITED 2.51% 2928.3 End-of-day quote.15.74%
HDFC BANK LIMITED 2.01% 1601.55 End-of-day quote.11.51%
MODERNA, INC. -5.38% 430.14 Delayed Quote.311.74%
PANACEA BIOTEC LIMITED -1.68% 286.6 End-of-day quote.19.74%
TATA CONSULTANCY SERVICES LTD. 0.05% 3871.3 Delayed Quote.35.23%
TATA MOTORS LIMITED -1.12% 317.95 End-of-day quote.73.08%
All news about BAJAJ AUTO LIMITED
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08/01Bajaj Auto Limited Reports Sales Results for the Month and Year to Date Ended July 2021
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More news
Analyst Recommendations on BAJAJ AUTO LIMITED
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Financials
Sales 2022 346 B 4 693 M 4 693 M
Net income 2022 53 806 M 729 M 729 M
Net cash 2022 225 B 3 046 M 3 046 M
P/E ratio 2022 20,5x
Yield 2022 4,03%
Capitalization 1 102 B 14 936 M 14 936 M
EV / Sales 2022 2,53x
EV / Sales 2023 2,26x
Nbr of Employees 10 044
Free-Float 41,6%
Chart BAJAJ AUTO LIMITED
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Bajaj Auto Limited Technical Analysis Chart | BAJAJ-AUTO | INE917I01010 | MarketScreener
Technical analysis trends BAJAJ AUTO LIMITED
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 3 809,80 
Average target price
Spread / Average Target -
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Managers and Directors
Rajivnayan Rahulkumar Bajaj Managing Director & Executive Director
Soumen Ray CFO & President-Finance Division
Nirajkumar R. Bajaj Chairman
Abraham Joseph Chief Technology Officer
J. Sridhar Secretary & Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
BAJAJ AUTO LIMITED10.30%14 936
EICHER MOTORS LIMITED15.74%10 847
YAMAHA MOTOR CO., LTD.52.09%10 103
HERO MOTOCORP LIMITED-8.89%7 668
HARLEY-DAVIDSON, INC.4.47%5 838
YADEA GROUP HOLDINGS LTD.-25.22%4 414