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IPO Offering Kross: Kross Ltd. opened for bidding on Monday and was subscribed 0.88 times or 88%, led by retail investors. The company is looking to mop up Rs 500 crore. The offering consists of a fresh issue as well as an offer for sale, each worth Rs 250 crore. Tolins Tyres: Tolins Tyres Ltd. has been subscribed 1.8 times on the first day on Monday, led by demand from retail investors. The company is looking to raise Rs 230 crore via the offering, which consists of a fresh issue of equity shares worth Rs 200 crore and an offer for sale worth Rs 30 crore. _*Shree Tirupati Balajee Agro: Shree Tirupati Balajee Agro Trading Co. was subscribed 124.75 times on the third and final day on Monday. It was subscribed 15.16 times on its second day of subscription and 6.36 times on the first day.*_ _*Bajaj Housing Finance: Bajaj Housing Finance Ltd.'s initial public offer was subscribed 2.02 times on the first day on Monday. The three-day offer entails a fresh issue of equity shares worth Rs 3,560 crore and an offer for sale worth Rs 3,000 crore from its owner, Bajaj Finance Ltd.*_

Hero MotoCorp market valuation breaches Rs 1 lakh crore for first time Continuing its winning run for the fifth session in a row, Hero Motocorp shares hit a 52-week high of Rs 5,050 per share on BSE. The stock closed up by 3.15 per cent at Rs 5041.90. Shares of two-wheeler major Hero Motocorp on Tuesday closed higher by 3 per cent on Tuesday, taking its market valuation to more than Rs 1 lakh crore for the first time. Continuing its winning run for the fifth session in a row, Hero Motocorp shares hit a 52-week high of Rs 5,050 per share on BSE. The stock closed up by 3.15 per cent at Rs 5041.90. The stock hit a 52-week high of Rs 5,051 on NSE. Shares closed higher by 3.37 per cent at Rs 5,050 apiece on NSE. At close, the market valuation of Hero Motocorp stood at Rs 1,00,803.27 crore on BSE and Rs 1,00,965.21 crore on NSE. In volume trade, 49,178 equity shares were traded on the BSE, while 13.35 lakh shares were traded on the NSE during the day. The 30-share BSE Sensex benchmark jumped 328.48 points or 0.45 per cent to settle at 73,104.61, while broader NSE Nifty gained 113.80 points to close at 22,217.85. On Monday, Hero MotoCorp said it has joined the Open Network for Digital Commerce (ONDC) to enhance reach and convenience and provide an easily accessible digital mode to customers. The open network will initially offer two-wheeler parts, accessories and merchandise. Last week, two-wheeler maker Hero MotoCorp Ltd reported a 16.3 per cent rise in consolidated profit after tax to Rs 943.46 crore in the fourth quarter ended on March 31, 2024, riding on higher sales. The company had posted a consolidated profit after tax of Rs 810.8 crore in the same period a year ago. Consolidated revenue from operations during the quarter under review stood at Rs 9,616.68 crore as against Rs 8,434.28 crore in the corresponding period a year ago. For Opening free demat account mail us at: [email protected] #heromotor #heromotocorp #revenue #motocorp

📰 Thrilled to share our coverage in CNBC-TV18 ! 📈 Bajaj Auto share buyback: Record day tomorrow, should you tender shares? 📉 Bajaj Auto, despite being today's worst Nifty performer, is in focus! Its ₹4,000 crore share buyback holds promise for smart returns. ⏳ Last chance to buy shares for buyback eligibility is today (Feb 28), with the record date set for tomorrow (Feb 29)! "Bajaj Auto is the flagship company of Bajaj Group. It is a leading company in two-wheeler and three-wheeler manufacturing that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. It is the world's fourth-largest manufacturer of motorcycles. It is also the largest manufacturer and seller of 3-wheelers globally. It aims to focus on the EV space by its newly formed 100% subsidiary 'ChetakTechnology Limited'. Financially, the company has historically performed well in previous financial years. One can apply for this buyback as the fundamentals stand strong," said Atul Parakh, CEO of Bigul. CNBC TV18: Meghna Sen Read More👇 https://bit.ly/3uQBzNW #bigul #bigultrading #BajajAuto #ShareBuyback #Share #Buyback #shares

#MarketsWithBS | From Indus Towers to Hero MotoCorp, here is a list of stocks that will be in the limelight today. Take a look Sirali Gupta #stockstowatch #stockmarket #sharemarket #markets https://mybs.in/2dbBufQ

⚡ Bajaj Auto shares at record high, closing in on buyback price of ₹10,000 🔴 The Bajaj Auto stock has delivered a handsome return of 38% so far this year and has risen over 140% in the last year. The stock was the second-best performing stock on the Nifty 50 index in 2023, with gains of 88%. 🔴 With this recent surge, shares of Bajaj Auto are also trading close to their share buyback price of ₹10,000. 🔴 In an exclusive interaction with CNBC-TV18 earlier this month, Bajaj Auto Ltd. Managing Director Rajiv Bajaj said that he sees the fair value of Bajaj Auto's stock at ₹12,000. #suzlon #share #trading #sharemarket #stockmarket #stocknews #nifty #trade #stock #market #investment

Carvana's stock surged over 30% in after-hours trading following its forecast of higher-than-expected retail sales and core profit for the current quarter. This increase comes amidst consumer trends favoring used cars over new ones due to high interest rates. With a short interest of 27% and a 65% rise in shares this year, Carvana's market capitalization is expected to increase by about $5 billion. The company's first-quarter revenue of $3.06 billion surpassed analysts' estimates, and its adjusted earnings before interest, tax, depreciation, and amortization of $235 million exceeded expectations. Analysts remain optimistic about Carvana's performance, contrasting it with rival CarMax, which recently reported below-par results. #marketfacts #stockmarket #carvana #bullish #stocks #trading #sales #profit #marketinsights #automobile #news

Bajaj Auto's stock surged nearly 200 points, reaching a fresh 52-week high of Rs 11,144 per share in early trade on Monday (September 2nd), following strong August 2024 auto sales. The stock has surged 13 percent in last 10 days. Over the past two years, Bajaj Auto has seen an impressive 180% gain, with a remarkable 300% increase in the last five years. In just the past month, the stock has risen by 17%. Should you consider investing in this two-wheeler giant? Watch this video to hear what market experts have to say from both technical and fundamental perspectives. Watch: https://lnkd.in/g3CRAb6z | #BajajAuto #BajajAutoStockSurge #52WeekHigh #AutoSales #InvestmentTips Sakshi Batra | Shailendra Bhatnagar

This section of Jeremy Horowitz' 's newsletter about the annihilation of Allbirds stock ( -99% from IPO) makes me think of Royal Enfield's turnaround. RE was the Harley Davidson of India, but by 2000 the company sold only 2000 units a month (1/3rd of installed capacity). Like Allbirds now, it was inching towards a shutdown. But it survived, thrived and sold around 912,000 units in 2023. The thing is, it's a fraction of 15.86 million units that were sold in India in 2023. But RE is considered a success story because unlike Allbirds who tried to appeal to a wider demographic, they largely concentrated on the 350cc- 750cc mid sized segment and now own 95% of it. RE would have been unable to, and still can't compete with the players in the entry and commuter segments (76cc- 150cc). But they stuck to the premium segment, the customer and the market that they know best and the market rewarded them for it. DTC brands who gorged on cheap VC cash during the ZIRP era and grew like weeds will need to now trim their ambitions if they want to survive, let alone thrive. Many, like Allbirds, are probably ngmi.

Needham & Company analyst sees upside in Carvana stock to $160. Find out more. https://lnkd.in/dqJrN4bX #carvana #investing #usedcar #retail #stockmarketnews #unitedstates #businessnews

Bajaj Auto Buyback 1 Share Strategy Bajaj Auto Buyback is coming up with a buyback at Rs.10,000 per share price. Are there chances of one share getting accepted in the buyback? I have done a calculation that states only a 50% chance. Watch the short video below to learn more! #bajajauto #buyback