Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Bajaj touches its all-time high
Fri, 26 Mar 01:30 pm

While still in the green territory, the Indian markets continued to trade in a range bound manner during the previous two hours of trade. Stocks from across sectors are trading firm at present. Those from the auto, consumer durables, oil & gas and metals spaces are leading the pack of gainers. Stocks from the IT pack are trading lower.

The BSE-Sensex and the NSE-Nifty are trading higher, up by around 75 (4%) points and 20 points (4%) respectively. The BSE-Midcap and BSE-Smallcap are also trading higher, up by around 0.8% and 0.5% respectively. The rupee is trading at 45.36 to the dollar.

Auto stocks are currently in demand as the BSE-Auto Index is trading higher by about 1.4%. The stocks leading the pack of gainers include Bajaj Auto, M&M, Maruti Suzuki and TVS Motor. Bajaj Auto is trading higher by 4.4% on the back of it expecting a strong 40% YoY increase in volumes during the next financial year. Volumes are pegged at about 4 m units next year. This would include nearly one-fourth of sales volumes to be met through exports. The company’s management has set a target of selling over 3.6 m motorcycles and about 0.4 m commercial vehicles. For achieving the same, the company is planning on expanding the overall capacity by about 25%. This will take its capacity to nearly 5 m units. At present Bajaj Auto’s vehicle manufacturing capacity stands at about 4 m units. Of this, about 3.6 m comprises of two-wheelers and the balance is of three-wheelers.

Incidentally, the stock of Bajaj Auto has hit its all-time high today. It may be noted that the stock of Bajaj Auto has by far outperformed the stock of its rival company Hero Honda over the past year. This is on the back of the company recording a much higher year on year growth in volumes. Key reasons for the same were the strong performance of the new launches made by the company. Also, the renewed focus on semi-urban and rural markets aided sales volumes. The fact that the company has a strong foothold in urban markets helped it boost volumes.

Healthcare stocks are currently trading firm led by Glenmark Pharmaceuticals, Panacea Biotec, Ranbaxy and Sun Pharmaceuticals. Glenmark Pharmaceuticals’ US subsidiary Glenmark Generics has announced that it has received the final approval from the US FDA for Calcipotriene ointment 0.005%. A leading business daily has reported that this ointment was marketed by another company named Leo Pharmaceuticals as Dovonex. It is believed that this brand recorded peak sales of approximately US$ 93 m (approx Rs 4.3 bn) during CY06. Leo Pharmaceuticals still markets and distributes a line of Dovonex products including a cream and a topical solution. Glenmark’s version of this ointment is used for treating plaque psoriasis (a chronic skin disease) in adults. This is a positive for the company and will enable it to bolster its revenues from the highly competitive US generics market.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Bajaj touches its all-time high". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Worst Sector in the Market(Fast Profits Daily)

May 11, 2021

The worst sector in the stock market according to the charts.

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


May 14, 2021 03:37 PM

MARKET STATS