Auto sector pent-up demand affected by increasing fuel cost
Sat, Jul 10, 2021 4:06 PM

Auto sector pent-up demand affected by increasing fuel cost

A Flip by Flipitnews
Get it on Google Play
Auto waitlisted orders have been affected by high fuel costs as well as price hikes taken by OEMs in the current unlock phase vis-a-vis last year. Accordingly, '2W' demand has been offhanded while that of 'PVs' is more resilient, given the relatively better income profiles of car customers. This unlock phase led pent-up demand impacted as the customer sentiments are affected by the fuel prices.

More great flips

Small-cap East West Freight Carriers jumps 4% following strong FY24 report

Small-cap East West Freight Carriers jumps 4% following strong FY24 report

Shares of East West Freight Carriers were on focus on Tuesday, September 10, following the release of its FY24 annual report. The stock rose by 4.1 percent, reaching an intra-day high of ₹7.08.Despite today’s rally, the smallcap stock remains 38.3 percent below its 52-week high of ₹11.47, hit in December last year. Meanwhile, it has jumped over 52 percent from its 52-week low of ₹4.65.

Open Flip
Slone Infosystems Ltd Secures Order – Net Profit Surged by 460% in FY24!

Slone Infosystems Ltd Secures Order – Net Profit Surged by 460% in FY24!

Slone Infosystems Limited has secured an order worth Rs 3.96 crore (plus GST) for the supply of 600 Lenovo L14 laptops, model 21H1S0PM00. The specifications include a 14.0" FHD display, Intel i5-1335U processor, 16GB RAM, 512GB SSD, Windows 11 Pro, FHD camera, fingerprint reader, Wi-Fi and Bluetooth connectivity, backlit keyboard, backpack, and a 3-year Premier support with CO2 offset feature.

Open Flip
Bajaj Housing Finance IPO Subscription Status: Day 2 bidding on!

Bajaj Housing Finance IPO Subscription Status: Day 2 bidding on!

Bajaj Housing Finance IPO, which entered its second day of bidding today (10 September), has been subscribed 3.44 times so far, driven by continued strong demand from non-institutional wealthy investors and retail investors. The much-awaited Rs 6,560-crore IPO of Bajaj Housing Finance has received bids for over 250 crore shares as of 11:45 am on Tuesday, compared to 72.75 crore shares on offer.

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