21 Jan 2022 , 01:15 PM
At around 1.15 pm, BSE Sensex was trading at 59,262.69 down 201.93 points or 0.34% and Nifty50 at 17,700.20 down 56.80 points or 0.32%.
Nifty Auto was trading at 11,661.40 up 78.20 points or 0.68%, after touching a high of 11,682.80 and low of 11,421.25 during intraday trade.
Bajaj Auto surged 4.3% at Rs3,451.45 per piece to emerge the top gainer. The company’s total revenues grew by 1% to Rs9,022cr, during the comparable period on the back of price hikes by the auto major to account for raw material price increases. However, the company’s profits fell to Rs1,214cr, compared to Q3FY21, due to a fall in demand for two-wheelers in domestic as well as in export markets.
Maruti and TVS Motor Company also surged 2.15% and 2.07% at Rs8,208.95 per piece and Rs649.30 per piece respectively. Maruti has launched new cars and TVS annouced new partnerships in recent times.
Amara Raja Batteries dragged 1.8% at Rs621.70 per piece while Tata Motors was also 0.77% lower at Rs511.75 per piece.
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