Bajaj Auto sales tumble by 4% in June
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Bajaj Auto today reported 4% decline in total sales in June at 3,16,969 units against 3,31,317 in the same month of 2015.
Motorcycle sales during the month fell 5% to 2,73,298 units from 2,87,582 in June last year, the company said in a BSE filing.
Bajaj Auto's commercial vehicles sales during the month remained flat at 43,671 units compared with 43,735 in the year-ago period.
Exports in June this year were at 1,23,252 units against 1,56,074 a year earlier, down 21%.
The company's shares were trading 0.41% down at Rs 2,657.90 on BSE.
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Cement maker ACC on Thursday said its profit after tax (PAT) increased four-fold to Rs 945 crore in the March quarter of the previous fiscal year on account of robust sales.
The company had reported a PAT of Rs 236 crore in the year-ago period.
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Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America.
The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent and a moderate increase in underlying trading profit margin.
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Shares of Hitachi Energy were buzzing in trade on Thursday as they soared as much as 18.89 per cent to hit a fresh record high of Rs 9,765.30 per share, driven by expansion plans. On the other hand, S&P BSE 500 was trading 0.21 per cent higher at 74,010.29 levels, as of 1:02 PM.
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Air India Express will give first-time voters aged 18 to 22 a 19 per cent discount on domestic and international flight tickets for travelling to their home constituencies and back, the Economic Times (ET) reported.
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National Stock Exchange (NSE) on Wednesday introduced derivative contracts on Nifty Next 50 index, which received a positive response from market participants.
More than 375 trading members from across the country participated in the index derivatives, the National Stock Exchange (NSE) said in a statement.
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