With festive season approaching, sectors like automobiles, FMCG, and electronics usually see a sales boost
The strategic alliance with Yongin Electronics, a supplier of components to the Hyundai Kia Motor Group, is projected to yield a substantial biz volume of Rs 250 crore over the next five years.
Sterling Tools is the second largest automotive fastener manufacturer in India. Its subsidiary, Sterling Gtake E-Mobility, is the largest Motor Control Unit manufacturer for the EV industry in India.
The surge in the stock price followed the company's announcement of the launch of Thar ROXX, its latest sports utility vehicle (SUV).
This is Groww Mutual Fund's first live ETF, which is available for trading with most brokers and investment platforms
Olectra Greentech Q1FY25 consolidated net profit rose to Rs 24.25 crore from Rs 18.07 crore in Q1FY24. Prior to today, the stock had shed 20 per cent in the last one month.
Moody's said Tata Motor's two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt.
With normal monsoon expected for this fiscal, TVS expects rural recovery to drive sustained momentum for the industry in the coming quarters.
Analysts believe, Indian textiles companies are likely to benefit from the Bangladesh turmoil, while that of FMCG and auto may take a hit. Here's a technical outlook on key stocks from these sectors.
The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.
Analysts at Anand Rathi expect passenger vehicle (PV) volumes to have grown, driven by better retail sales and inventory build-up
In the past week alone, Tata Motors' stock has climbed 18 per cent following an upgrade from brokerage firm Nomura, which set a 'Buy' rating and a target price of Rs 1,294 per share.
The company expects to outperform the 7-8 per cent growth in the domestic 2W industry on the back of growth in the 125cc+ segment and the launch of CNG motorcycle 'Freedom 125'
Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.
A combined 1.58 million shares changed hands in trade on Monday, July 15, and there were pending buy orders for 180,000 shares on the NSE and BSE, data showed
Auto stocks in focus: Maruti down 6 per cent in last 2 months; trading strategies for Maruti, Tata Motors and M&M as UP government waives-off registration fee on hybrid cars.
Sharda Motor hit a new high of Rs 2,618.80, surging 19% on the NSE in intra-day trade; has zoomed 31% in 4 days after promoter sold nearly 9% stake in the auto ancillary company via open market.
The company came out with a Rs 3,000-crore IPO in August 2021, where it sold shares at Rs 1,618 apiece
Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges
Overall, Tata Motors is targeting strong double-digit margins and aims to generate healthy positive FCF going ahead.