Vijay Kedia portfolio stocks: Ace investor Vijay Kedia held 2.10 per cent or 2 million shares in PCL as on September 30, 2024, shareholding pattern data shows
Shares of domestic auto component suppliers took a beating on Wednesday after Germany-based automaker BMW cut its Ebit margin and RoCE guidance due to escalating recall costs and delivery stops
Analysts predict moderation in growth to 5-7% in FY25
The company on Tuesday said that it has launched planetary gear system (PGS) from Schaeffler's Hosur Plant
At 11:13 am; with Rs 1.0 trillion market capitalisation, Bosch was trading 5 per cent higher at Rs 33,918.
Amara Raja Energy & Mobility rallied 14% to hit a new high of Rs 1,449.55 on the BSE in Friday's intra-day trade backed by heavy volumes on healthy business outlook.
Smooth ride expected for the sector in FY25
Auto components maker Motherson Sumi Wiring India Ltd on Wednesday reported a 58.12 per cent jump in profit after tax at Rs 167.86 crore in the third quarter ended December 31, 2023, riding on robust sales. The company had posted a profit after tax of Rs 106.16 crore in the October-December quarter last fiscal, Motherson Sumi Wiring India said in a regulatory filing. Total revenue from operations during the period under review stood at Rs 2,117.28 crore as against Rs 1,686.8 crore in the year-ago period, it added. "These strong quarterly numbers are the result of customer trust and our operational efficiencies," Motherson Sumi Wiring India Chairman Vivek Chaand Sehgal said. Further, he said, "We remain focused on delivering high-quality products and solutions to our customers and supporting them in their plans. We will continue to invest in capacities to meet the future demand." Motherson Sumi Wiring India said its new-age innovative capabilities are in place, serving all powertra
The steel tube maker's consolidated profit rose 35% to Rs 203 crore in the second quarter, but missed analysts' average estimate of Rs 222 crore, according to LSEG data
Revenue during the second quarter of the current fiscal increased 20 per cent to Rs 791 crore compared to Rs 657 crore in the July-September period of the previous fiscal, the company said
Incentives for FY23 yet to be disbursed as OEMs yet to furnish requisite documents, say officials
In the past eight months, it has more-than-doubled or zoomed 203 per cent from Rs 116.05, which it had touched on May 12, 2022
Since July, most of the auto ancillary stocks have geared up with a resolute strength and continue to rally smartly seeking higher ground.
Shares of Fiem Industries hit a new high at Rs 2,024.95, and have rallied 22% in the past two days after the company reported 54% YoY jump in its consolidated net profit.
The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment
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Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.
The company to buy 65.2 per cent stake in lPL Tech Electric Private Limited a startup engaged in manufacturing and sale of electric heavy commercial vehicles.
According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions.
The latest gain comes on the back of easing commodity prices and supply chain issues