Stay tuned for the latest on Indian stock market. GIFT Nifty was trading 78 points or 0.3% lower at 23,575.50 as of 7:21 a.m.

Overall, however, festive auto retail sales fell short of industry expectations due to unseasonal heavy rains in South India and a cyclone in the east, FADA says.

The narrative of tax cuts, deregulation and an engine-friendly White House papers over the damage from a U-turn on EV policy.

The near-term outlook for the commercial vehicle industry remains cautious; however, increased government infra spending is expected to benefit the sector in the long term, says the brokerage.

There are now questions on whether the festive demand will sustain for the rest of the year, even as a model year change necessitates continued discounts.

This exit from April-October creates confidence for next six months, said Bajaj Auto Executive Director Rakesh Sharma.

Bajaj Auto share price fell as much as 4.81% to Rs 9,401 apiece.

Here are all the top calls from analysts that you need to know about on Monday.

NDTV Profit Podcast: From US market updates to the upcoming Swiggy IPO, well bring you up to speed with everything you need to know to start your week ahead of the curve.

Sales in October received a boost due to the festive season and many automakers reported record monthly sales.

Here's a look at which automaker sold how much in the month gone by.

The October sales outlook for the Indian auto sector reveals potential growth led by Eicher Motors and Hero MotoCorp, with increased inventory in anticipation of the festive season demand.

Toyota, NTT plan to jointly invest $3.3 billion between now and 2030, executives said in a news briefing on Thursday.

ASK Automotive's units in Rajasthan's Karoli and the upcoming one in Bengaluru will help maintain margins and boost near-term revenue, said Chairman Kuldip Singh Rathee.

Honeywell Automation India share price declined 9.12% to Rs 44,500.00 apiece, the lowest level since May 10.

Total income during the quarter under review increased 22.2% to Rs 976 crore from Rs 798 crore in the corresponding quarter of FY 24, the company said.

The NSE Nifty Auto index declined 2.77% to 23,300.25, the lowest level since June 5.

CarTrade reported a 34.1% sequential jump in its net profit to Rs 30.7 crore in the second quarter of the current financial year.

The company will continue to improve efficiencies in the coming years, says the brokerage.

The Ebitda margin contracted 40 basis points to 15.5% in the September quarter.

Organisations can deploy the AI agent without needing to code or train models.

The traffic police informed that legal actions have been initiated against the auto rickshaw drivers involved in the tampering of the meter.

Hyundai's market valuation stood at Rs 1,47,914.98 crore at the close of trade on the BSE.

The partnership will offer enterprise-wide insights in various use cases with the aim of reducing maintenance costs, increasing operational productivity and upskilling employees.

Qualified institutional investors subscribed 75.6% of the Hyundai Motor India IPO against the allocated 50%.

The stock is being re-rated from an underperformer in the past to an outperformer as has started gaining market share domestically, says the brokerage.

According to Bajaj Auto, growth in Indias two-wheeler industry may ease to 5% from 58% predicted earlier on muted festive demand. Analysts believe otherwise.

Nuvama anticipates a 20% contribution from EVs and CNG for Bajaj Auto's overall sales volumes.

At close, Nifty fell 0.89% or 221.45 points to 24749.8 and Sensex ended 0.6% or 494.75 points lower at 81006.61.

So far today, the Nifty 50 fell 0.81% to 24,769.95, and the Sensex declined 0.62% to 80,998.12.

Bajaj Auto's net profit rose 9% year-on-year to Rs 2,005 crore in the three months ended Sept. 30, 2024.

The company has witnessed a significant re-rating in the last 12 months, and after the sharp rally, the stock now trades at ~38.5x/30x FY25E/26E EPS, appearing fairly valued, says the brokerage.

Emkay Research downgraded the stock to 'sell' from 'reduce' citing high valuations amid normalising growth.

Company's recent re-rating limit upside as catalyst play out, says the brokerage.

Here are all the top calls from analysts you need to know about on Monday.

Bajaj Auto's rural recovery remains a key monitorable in H2, hence the brokerage maintains Sell rating with a SOTP target price of Rs 8,433, based on Sept-26 earnings.

Stay tuned for all updates on stock market with GIFT Nifty trading at 25,020.00, down 0.2% or 50 points as of 6:47 a.m.

GMR Airports, Axis Bank and L&T Technology Services will be the other stocks to watch before going into trade on Thursday.

Bajaj Auto plans to invest about Rs 84 crore in Bajaj Brazil to expand production capacity beyond 20,000 units per year and double sales footprint to 50 dealerships.

While sales in South and East have sort of declined, central areas such as Uttar Pradesh have done well in terms of motorcycle sales.

Bajaj Auto's standalone net profit for Q2 FY25 increased by 9% year-on-year to Rs 2,005.04 crore, supported by revenue growth.

Bajaj Auto is likely to report a net profit of Rs 2,201 crore and revenue of Rs 13,253 crore, according to Bloomberg estimates.

Aditya Birla Money, Mphasis, and Tips Music are among the other companies that will declare their earnings on Wednesday.

Ashoka Buildcon, Crisil, Cochin Shipyards, and LIC will be other stocks to watch before going into trade on Wednesday.

The GIFT Nifty was trading 25,000 Wednesday morning. Bajaj Auto, Cochin Shipyard, and KEI Industries share prices are in focus. Get live updates on Indian stock markets here on Oct 16.

Crisil is estimated to report a profit of Rs 159 crore and a revenue of Rs 790 crore.

NDTV Profits special research section collates quality and in-depth equity and economy research reports from across Indias top brokerages, asset managers and research agencies. These reports offer NDTV Profits subscribers an opportunity to expand their understanding of companies, sectors and the economy. HDFC Securities Institutional Equities The auto sector has outperformed the Nifty Index in Q2, largely led by a sharp rally in some two-wheelers and passenger vehicle stocks. We continue to like

Second quarter earnings of the current financial year will show a divergent trend in the automobile space with two wheeler companies expected to show strong growth for most players while M&M is expected to be a key winner within the passenger car segment. The earnings to watch out for will however be Tata Motors, which is expected to see the biggest drag. Meanwhile, recovery for commercial vehicle and tractor makers is expected to hit first gear. Two Wheelers: Strong Performance To Continue The

The brokerage expects India biz to be the primary growth driver for the company in the near future, however weak outlook for its EU business & Metalcastello likely to weigh on the overall performance

The CCPA observed that Ola's no-questions-asked refund policy only provided coupon codes for future rides, without giving consumers a choice for bank account refunds.