Two-wheeler stocks in red after Interim Budget skips FAME III
Thu, Feb 1, 2024 2:43 PM

Two-wheeler stocks in red after Interim Budget skips FAME III

A Flip by Shubhangi Gupta
Get it on Google Play
Two-wheeler automobile stocks remained a mixed bag, with the majority trading lower after the government reduced the budget allocation for the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme by nearly 44 percent to Rs 2,671 crore for FY25, potentially hampering EV adoption in the country. Shares of Bajaj Auto pared pre-budget gains of over 2 percent.

More great flips

Vertex Securities Standalone September 2024 Net Sales at Rs 2.71 crore

Vertex Securities Standalone September 2024 Net Sales at Rs 2.71 crore

Vertex Securities reported a 32.33% increase in net sales to Rs 2.71 crore and a 332.67% surge in quarterly net profit to Rs 0.07 crore in September 2024, compared to the same period last year, with EPS rising to Rs 0.01 from Rs 0.00. Vertex Sec shares closed at 5.86 on November 25, 2024, with 46.50% returns over the last 6 months and 65.07% over the last 12 months.

Open Flip
Suyog Telematics Standalone September 2024 Net Sales at Rs 47.74 crore

Suyog Telematics Standalone September 2024 Net Sales at Rs 47.74 crore

Reported Standalone quarterly numbers for Suyog Telematics are: Net Sales at Rs 47.74 crore in September 2024 up 16.88% from Rs. 40.85 crore in September 2023. Quarterly Net Profit at Rs. 20.27 crore in September 2024 up 24.74% from Rs. 16.25 crore in September 2023. EBITDA stands at Rs. 40.30 crore in September 2024 up 29.87% from Rs. 31.03 crore in September 2023.

Open Flip
Gajanan Securities Standalone September 2024 Net Sales at Rs 0.02 crore

Gajanan Securities Standalone September 2024 Net Sales at Rs 0.02 crore

Reported Standalone quarterly numbers for Gajanan Securities Services are: Net Sales at Rs 0.02 crore in September 2024 down 74.7% from Rs. 0.07 crore in September 2023. Quarterly Net Profit at Rs. 0.00 crore in September 2024 down 47.78% from Rs. 0.00 crore in September 2023. EBITDA stands at Rs. 0.01 crore in September 2024 down 50% from Rs. 0.02 crore in September 2023.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon