Portions of Bajaj Auto and Atul Auto ascended to 5% in the early evening meeting on Tuesday after the Service of Weighty Businesses (MHI) restored appropriations for electric three-wheelers under the PM E-Drive plot.
The endowments for electric three wheelers for FY25 had been depleted. The service will presently dispense more assets for three wheelers under the PM E-Drive plot, said a report.
Responding to the turn of events, Bajaj Auto stock rose 2% to Rs 9700 against the past close of Rs 9515.25 on BSE. Market cap of the firm remained at Rs 2.69 lakh crore.
The auto shares exchange higher than the multi day, multi day yet lower than the multi day, 20-day, 50-day, 100-day and 150-day moving midpoints.
In a year, the stock has acquired 72% and risen 44% in 2024. Complete 3579 portions of the firm changed hands adding up to a turnover of Rs 3.44 crore on BSE.
On comparable lines, portions of another electric three wheeler producer Atul Auto were trapped in the upper circuit of 5% in the early evening meeting today.