DSIJ Mindshare

The Union Budget 2018-19 has left the salaried class and investors fuming as there is hardly anything in the budget that would meet the expectations of these sections of the society. On the one hand, the long term capital gains tax on equity has raised the heckles of the stock market investors, on the other, the salaried class is sore as budget gives them with one hand and takes away with the other when it comes to tax rebate. 

The stocks that are likely to witness significant movement on the bourses on February 5, 2018 are United Spirits, PC Jeweller, BSE Ltd, GMR Infrastructure, Aarti Industries, V2 Retail and Aegis Logistics.

Bajaj Auto reported good earnings in Q3FY18 performance. The revenue growth for the quarter was boosted by 18 per cent yoy rise in sales volumes of the quarter. The company witnessed strong demand in CV and automotive segments.

The company with highest market capitalization in the 2-3 wheeler segment, Bajaj Auto, posted its Q3FY18 earnings report on Friday. The stock witnessed tremendous volatility amid robust January sales and Q3 performance on one hand and a sharp plunge in the overall markets on the other hand.

The company's standalone revenue for the quarter came in at Rs. 1,855 crore, registering 8.7 per cent yoy increase. Its Pantaloons and Madura Fashion & Lifestyle have reported growth of 12.5 and 7.9 per cent, respectively.