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United News of India
9 hours ago
- Business
- United News of India
Sensex down by 270.07 pts during week
Mumbai, May 31 (UNI) The equity market remained negative for another week, as BSE Sensex slid 270.07 pts or 0.33 per cent to settle at 81,451.01 during the week ended on Friday, driven by profit booking, global uncertainties, and cautious investor sentiment ahead of key economic data. The Nifty slipped 102.45 points or 0.41 perc ent to settle at 24,750.70 Of five sessions of the week, two were in green while three were in red. For two sessions of the week, the market was in the green, boosted by the Reserve Bank of India's record Rs 2.68 lakh crore dividend payout, easing fiscal concerns and lifting investor confidence. However, remaining three sessions saw declines, as rising US treasury yields, global trade tensions, and elevated valuations triggered profit booking and risk aversion. Despite the weakness in frontline indices, the broader market out performed, with the BSE Mid-Cap gained 0.61 per cent to close at 45,136.35. BSE Small-Cap index rallied 1.73 per cent to end at 52,413.25. On Monday, Sensex rose 455.37 points or 0.56 per cent to 82,176.45. Nifty also advanced 148 points or 0.60 per cent to 25,001.15. On Tuesday, Sensex tanked 624.82 points or 0.76 per cent to 81,551.63. Nifty slipped 174.95 points or 0.70 per cent to 24,826.20. On Wednesday BSE Sensex slipped 239.31 points or 0.29 per cent to 81,312.32. Nifty too fell 73.75 points or 0.30 per cent to 24,752.45. On Thursday, halting a two-day losing run. BSE Sensex advanced by 320.70 points or 0.39 per cent to 81,633.02. Nifty rose 81.15 points or 0.33 per cent to 24,833.60. On Friday BSE Sensex tumbled down 182.01 points or 0.22 percent to 81,451.01. Nifty shed 82.90 points or 0.33 percent to 24,750.70. Stock that fell are Bajaj Auto by 1.47 per cent, JSW Steel by 1.46 per cent , NTPC by 2.97 per cent. Jio Financial Services gained 1.73 per cent. The company announced that JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on May 27 said it has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for their mutual fund business in India. Indusind Bank rose 2.99 per cent and Tata Motors 0.18 percent Insecticides (India) surged 11 per cent The company's consolidated net profit soared 85% to Rs 13.89 crore, while revenue from operations rose 32% to Rs 358.92 crore in Q4 March 2025 over Q4 March 2024. UNI JS-NV PRS
Business Upturn
a day ago
- Business
- Business Upturn
Nifty 50 top losers today, May 30: Bajaj Auto, Hindalco Industries, HCL Technologies, Shriram Finance and more
By Aman Shukla Published on May 30, 2025, 15:40 IST The Indian stock market ended in the red on Friday, May 30, 2025, as benchmark indices faced a broad-based decline. The BSE Sensex dropped 182.01 points, or 0.22%, to close at 81,451.01, while the Nifty 50 slipped 82.90 points, or 0.33%, to settle at 24,750.70. Several heavyweights from the Nifty 50 ended in negative territory. Among the biggest losers of the day were well-known names like Bajaj Auto, Hindalco Industries and HCL Technologies. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on May 30 Bajaj Auto closed at ₹8,607, down 3.0%. Hindalco Industries ended at ₹633.5, falling 2.5%. HCL Technologies settled at ₹1,631.5, a drop of 2.0%. Shriram Finance closed at ₹639.9, declining 1.9%. Tech Mahindra ended at ₹1,570.6, down 1.8%. NTPC settled at ₹333.9, falling 1.6%. Nestle India closed at ₹2,396.2, down 1.6%. Asian Paints ended at ₹2,259.1, a decline of 1.5%. Oil and Natural Gas Corporation settled at ₹239.4, down 1.5%. Sun Pharmaceutical Industries closed at ₹1,674.9, falling 1.5%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
NDTV
a day ago
- Automotive
- NDTV
Ola S1, Gig Electric Scooter Deliveries Delayed While Roadster Reaches Dealerships
Ola Electric introduced the S1Z and Gig electric scooters as the most affordable models of its range in November 2024. At the time, the brand announced that the deliveries of the scooter would be initiated in the coming months. However, the brand has now announced that the two new additions to its EV portfolio will be delayed. The announcement comes at a time when the manufacturer is facing tough competition from legacy brands like Bajaj Auto and TVS Motors. The brand also mentioned that the launch of some new products will be delayed and will be scheduled in a sequential order. Presently, the brand has directed all its focus on the Roadster motorcycle, which is out for deliveries in the market. The manufacturer will also focus on advancing the platform through generational upgrades. "We are delaying the S1 Z, Gig/Gig+, and some other future products and will sequentially launch these products such that each product receives the right customer mindshare," Ola Electric said in a communication to its shareholders. Ola Gig Ola revealed its debut B2B-focused electric scooter, the Gig, which comes in two variants priced between Rs 39,999 and Rs 49,999. Additionally, it unveiled the S1 Z, priced at Rs 59,999, aimed at urban commuters on a budget. While deliveries for both models were initially scheduled to commence in April and May of this year, they have now been postponed to a later date. Meanwhile, the Roadster, which is the brand's first electric motorcycle, has started reaching dealerships after a delay in initiating the process. The process was initially supposed to start in March, which later got postponed to April, only to begin in May.
Time of India
a day ago
- Automotive
- Time of India
Rare earth magnet bottleneck threatens Bajaj Auto's EV output; Q4 profit rises 6% amid strong domestic demand
Bajaj Auto warned of a looming disruption in electric scooter production starting July if the ongoing restrictions on exports of rare earth magnets by China are not resolved swiftly. The company flagged a significant operational risk during its March quarter earnings call, with inventories of the critical component depleting and no clear timeline for resolution in sight. 'The rare earth situation is a very difficult one,' Rakesh Sharma, executive director, Bajaj Auto told reporters citing a 'very onerous' approval process that includes certifications from Indian ministries, the Chinese embassy, and local Chinese provincial authorities. Although more than 30 applications have been submitted by the industry, no clearances have been received so far. Chinese authorities have indicated that the process could take 40–45 days, but Sharma said that the 'loop has not closed,' casting doubt on the viability of the system. 'If there is no relief and no shipments come through, production will definitely be impaired by July,' Sharma warned. The company emphasised that there is no short-term substitute, as refining rare earth elements—despite deposits in India and elsewhere—requires substantial investment and technological expertise. Rare earth magnets are a key input in electric motors, and their limited supply could stall Bajaj Auto's electric vehicle ambitions just as it is scaling up its EV pipeline. China is the market leader with 80% of supplies concentrated in the region. The company acknowledged that this issue, coupled with geopolitical and currency-related headwinds, could constrain export and EV growth in the near term. Driven by sustained demand in the domestic market and a recovery in select export geographies, net profit at Bajaj Auto for the quarter ended March 31 rose 6% year-on-year to Rs 2,049 crore from Rs 1,936 crore in Q4FY24. Revenue from operations stood at Rs 12,148 crore, up 6% from Rs 11,485 crore in the year-ago period. The uptick was supported by a favourable product mix, robust domestic demand, and margin stability despite cost pressures. The March quarter revenue and net profit were above analysts' average expectation of Rs 11,821 crore and Rs 1,946 crore in that order. Total sales during the quarter grew 4% to over 11 lakh units, with motorcycles and three-wheelers continuing to show strong performance. EBITDA margins were steady, aided by premiumisation, particularly in the Pulsar and KTM ranges. For FY25, Bajaj Auto reported a standalone net profit of Rs 8,151 crore, marking a 9% rise over Rs 7,479 crore in the previous year. Adjusted for a one-time deferred tax provision of ₹211 crore, the profit stood at Rs 8,363 crore. Full-year revenue grew 12% to Rs 50,010 crore, as volumes crossed 46.5 lakh units. Export markets, especially in Latin America and parts of Asia, showed encouraging signs. The company's exports in 30 key countries grew by 31%, outpacing the industry's 26% growth, with record sales in models like Pulsar and Dominar. However, the outlook for Africa remains cautious due to economic fragility, said Sharma. Bajaj Auto ended the year with a cash flow from operations of Rs 7,267 crore and declared a dividend of Rs 210 per share. A Rs 4,932 crore share buyback was also completed earlier in the year. Bajaj Auto's shares closed at Rs 8873.30 a piece, up 0.28% on the BSE.
News18
a day ago
- Business
- News18
Bajaj Auto, IRCTC, SAIL Among 8 Dividend Paying Stocks For 2025; Check Record Dates
1/10 Investors in the stock market are in for a windfall as eight prominent companies have announced dividends for the current financial year, FY25. With record dates fast approaching, this could be a golden opportunity for shareholders looking to cash in on corporate profits. (PTI Photo) 2/10 Bajaj Auto: Among the most notable announcements is from Bajaj Auto, which has recommended a record-breaking final dividend of Rs 210 per share for FY 2024-25. This is the highest payout in the company's history. The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for August 2025, with payments likely to be disbursed around August 8. The record date for eligibility has been set for June. (Photo: News18 Gujarati) 3/10 IRCTC, the catering and tourism arm of Indian Railways, has proposed a final dividend of Rs 1 per share for FY 2024-25, amounting to 50% of its Rs 2 face value. This comes after two interim payouts of Rs 4 in November 2024 and Rs 2 in March 2025. The final dividend is pending approval at the AGM. (News18 Gujarati) 4/10 5/10 6/10 7/10 SAIL (Steel Authority of India Limited), the nation's largest steelmaker, has declared a final dividend of Rs 1.60 per share (16%). Shareholder approval is pending, and the dividend will be paid within 30 days following the AGM. The record date is yet to be announced. (News18 Gujarati) 8/10 Bata India has proposed a final dividend of Rs 1.60 per share, with distribution expected from August 25, 2025, pending AGM approval. The company had earlier paid an interim dividend of Rs 10 in August 2024. (News18 Gujarati) 9/10 Deepak Nitrite has declared a final dividend of Rs 7.50 per share, which will also be paid within 30 days of shareholder approval. (News18 Gujarati) 10/10 Disclaimer: This report is intended for informational purposes only. Investors are advised to conduct their own due diligence and consult financial advisors before making investment decisions. (News18 Gujarati)
