A disruption in global shipping routes, particularly along the Red Sea, has resulted in an increase in container rates in 2024 compared to the previous year
The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said
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The company signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd to boost its renewable energy component from the current 63 per cent of total need
Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025. The company has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) for the purpose of setting up of a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements, Hyundai Motor India Ltd (HMIL) said in a statement. These facilities will operate under a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations and maintenance. HMIL will hold 26 per cent and FPEL will hold 74 per cent equity stake in the project, it added. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL, the company said. "As part of this partnership, HMIL will invest Rs 38 crore towards setting up
Carmaker's revenue falls on weak market sentiment, geopolitical factors
The company's shares fell nearly 3 per cent before recovering to trade down about 1 per cent in late afternoon trading
The fall in Hyundai Motor India's stock price follows its announcement of financial results for the second quarter of the FY25, which is also its maiden quarterly earnings since its market debut
Q2 results today, November 12: General Insurance, Zydus, and Bosch will release their Q2FY25 results
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As per the circular released by markets regulator Sebi in October 2017, the listed stocks must be strictly categorised into baskets with a well-defined classification of Largecap, Midcap, and Smallcap
Hyundai Motor India Ltd (HMIL) on Friday reported a 2 per cent increase in total sales at 70,078 units in October as compared to 68,728 units in the same month last year. Domestic sales were up marginally at 55,568 units last month as compared to 55,128 units in October 2023, the newly listed firm said in a regulatory filing. Exports were up 6.7 per cent at 14,510 units as compared to 13,600 units in the year-ago month, it added. "We witnessed a strong demand for our SUV portfolio during festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including the highest-ever monthly domestic sales of the Hyundai CRETA at 17,497 units," HMIL Chief Operating Officer, Tarun Garg said. SUVs remain a cornerstone of the company's lineup, representing 68.2 per cent of the total monthly sales in October 2024, with similar penetration in urban as well as rural markets, he added.
About 270 companies have raised over $12.57 billion through IPOs in India so far this year, well above the $7.4 billion raised in all of 2023, LSEG data shows
The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers
HMIL's IPO had seen strong response from sovereign wealth funds and domestic mutual funds, but retail and wealthy investors sidestepped the issue amid a selloff in auto stocks and overall markets
The festival season often sees retail investors pulling back from the stock market as they become more focused on consumption rather than investment
Also plans to expand EV portfolio and production capacity
Market analysts remain cautious on Hyundai Motor India, recommending profit booking and re-entry at lower levels, citing market volatility and the company's disappointing listing