Hold Bajaj Auto with stop loss of Rs 2175

Technical Analyst Satguru Pankaj Jain Capital has maintained a grade of 'hold' in Bajaj Auto Ltd shares with the objective of Rs 2246.

The strict stop loss of Rs population of 2175.

Today, the company's shares opened at Rs 2200 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2210 and a minimum of Rs 691 on BSE.

Current EPS & P / E ratio stood at 128.74 and 16.97 respectively.

For the three months ending March 2010, Bajaj Auto, has been a fourfold increase in net profit to Rs 528.65 million rupees compared with net income of Rs 130.21 crore in the corresponding quarter last year.

second largest manufacturer of two-wheelers in India, said that income recorded strong in the back of strong demand for newly launched bikes expenses and a lower overall tax, especially duty-free facilities in Pantnagar, Uttarakhand.

During the quarter, the company of two and three wheelers sales rose by 83.74% to 8,08,973 units, against 4,40,269 units sold in 2009.

Net sales during the period under review rose 73.34% to Rs 3,290 crore, while operating profit grew by 22.9%.

French automaker Renault and Bajaj Auto principal jointly manufacture of ultra low cost car with Nissan.

The price of the new car was $ 2500 round mushroom.

Volkswagen Vento touchwood!!

Volkswagen rolling out with its uplifting spirit and an enriching experience the all new second Indian model the Vento for the Indian roads.

The moment with the Vento edging up the near-upright face of the DLF Centre at Connaught Place, the German carmaker's passed the clear and subtle in its own style expressing the message to its rivals that it is gearing up for the mind space, market share and leadership in the C-segment souk.

The message was all clear a signal towards the might Japanese car makers which are in the well settled as well as the involved type such as Honda and Toyota.

But as the saying goes the previous rules the niche end in the C-segment with its City, whilst the Toyota is targeting to make an entry in its later year along with its Etios saloon.

Variants are the essence of our lifestyle however to have Volkswagen crawl and spice the life is something which shall be worth relish, unless and of course, one is a Honda or Toyota devotee.

Buy Mahindra & Mahindra With Target Of Rs 675

According to analyst, the investors can buy the stock with stop loss of Rs 615.

Today, the stock opened at Rs 643 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 34.52 and 18.42 respectively.

The share price has seen a 52-week high of Rs 644.90 and a low of Rs 343.50 on BSE.

Mahindra & Mahindra (M&M) declared that its auto sales during the last month surged 20% at 27,562 units as compared to 22,999 units in June 2009.

M&M's domestic sales increased 16.5% to 26,243 units as compared to 22,526 units during the same period of last year.

The company's exports increased 179%.

Regardless of the yearly annual closedown during the first week of last month, the Auto section registered such sturdy numbers.

Mahindra & Mahindra announced that the company was making attempts according to its plans to make entry into the US market, regardless of confronting the claim lodged by its American dealer, Global Vehicles.

Buy Tata Motors With Stop Loss Of Rs 760

According to analyst, the investors can buy the stock with stop loss of Rs 760.

The stock of the company, on July 09, closed at Rs 770.60 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 52.26 and 15.07 respectively.

The share price has seen a 52-week high of Rs 882.20 and a low of Rs 265.05 on BSE.

In a declaration, Tata Motors said that it will jointly create engines and vehicles along with its UK arm, Jaguar Land Rover, by the two years after the acquirement of the British marques.

The company said, "Initiatives have been taken on joint development programmes for engines, vehicles and platforms, which would leverage skills of the company (TATA Motors) and Jaguar Land Rover, resulting in synergies in operations of the company and its subsidiary."

As part of its plan to strengthen domestic as well as global footprints, the company announced that it would invest approx Rs 10,000 crore by the coming 2-3 years on product growth, plant modernization and other capital expenditure purposes.

TVS denies reports of buying LML's assets

TVS Motors has denied news reports that said it is going to buy out the assets of LML India. Earlier a private news channel, CNBC TV 18 had said that it is planning to buy the assets of LML.

The report quoted some sources and said that TVS will be buying the assets of one of the leading manufacturer of scooters in India. This was to happen since the company is planning to increase its portfolio in the scooters segment.

It also said that TVS was eyeing to have sales of 4.8 lakh units in scooters and that would be through its new brand- WEGO. TVS managed to sell 3 lakh units in the fiscal 2010.

Had the deal met success, it would have been the first inorganic takeover in India and would have helped it grab a share where the players are going down slowly.

LML, on the other hand, would have seen a way to exit from the market where it is making losses. Its assets are not manufacturing anything neither, are they selling.

Buy Eicher Motors With Target Of Rs 1010

The 30-share index continued to gain for the fifth successive day today following worldwide signals.

Realty and banking stocks remained the top gainers today.

At 10.08 a. m., the Sensex gained 119.18 points to trade at 18,105.08. In the meantime, the broad-based Nifty was trading 37.30 points up at 5,437.95.

Today, the Sensex belled the day after gaining 39.05 points at 18,024.95, whereas Nifty begun the day with a fall of 30.45 points at 5,370.20.

Asian bourses gained after the world's largest chip manufacturer announced record second-quarter sales and Singapore lifted up its economic growth estimation for the third time in 2010.

The top movers in the Sensex comrised Housing Development Finance Corporation, DLF, HDFC Bank, Reliance Energy Ltd, Hindalco Ind and ACC.

In contrast, the biggest losers in the 30-share-index were Infosys Technologies and Hindustan Unilever Ltd.