Shares of Ola Electric Mobility Ltd, Olectra Greentech Ltd, TVS Motor Company Ltd, Bajaj Auto Ltd and Exide Industries were trading higher in Saturday’s special trading session as the Union Budget 2025 presentation started.
Ola Electric surged 7.96 per cent to hit a high of Rs 80.75 while Olectra moved up 3.50 per cent to Rs 1,518 level. Exide Industries, Bajaj Auto and TVS Motor rose 1.12 per cent, 0.46 per cent and 0.47 per cent, respectively.
HSBC has upgraded TVS Motor stock to ‘Buy’ from ‘Hold’ and downgraded Ola Electric to ‘Hold’ from ‘Buy’. The foreign brokerage retained its ‘Buy’ rating on Bajaj Auto. It said valuations look relatively undemanding now post the recent correction in two-wheelers. It sees limited earnings downside post EPS revisions in the December quarter.
“2W growth has moderated in the recent months, though we still expect the industry to grow in high-single digits in FY26. The past 10-year CAGR for the…
