Bajaj Auto wheels in caution, drags festive mood, its stock & peers
- Posted on October 18, 2024
- By Business News Today
- 5 Views
Bajaj Auto wheels in caution, drags festive mood, its stock & peers
The Nifty Auto index fell 3.5% while the benchmark Nifty ended 0.89% lower. All 15 stocks constituting the index closed lower on Thursday. Analysts said higher sales volumes typically mark the festival season for automobile manufacturers, but Bajaj Auto's lower-than-expected growth estimates surprised investors.
