“Incrementally, things are not looking positive for Bajaj Auto because 40-45% of their revenue is still coming from exports market and you have some headwinds and we have seen that the production cut has been announced,” says Hemang Jani, MOFSL What is your take on the Adani Group as a whole and if at all … Read more
In the fag-end of last week which brought a massive sell-off in Dalal Street, one sector that managed to add wealth into investors’ kitty was automobile and auto ancillary. Major stocks in this pack not only managed to buck the weak market trend but also gave strong double-digit weekly returns. The S&P BSE Auto index … Read more
New Delhi: Landmark Cars made a tepid debut on the bourses on Friday as the company got listed at Rs 471.30 on BSE, a discount of 7% against its issue price of Rs 506 apiece. The retailer of the premium cars debuted at a discount of 7% at Rs 471 as against the given issue … Read more
NEW DELHI: Landmark Cars Limited (LCL), whose initial public offering (IPO) received a strong response during the three-day bidding process, is likely to announce its allotment status on Tuesday, December 20. Incorporated in 1998, Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault caters … Read more
NEW DELHI: With Motown in top gear, auto stocks once again rewarded investors handsomely in 2022, clocking double-digit returns for the third consecutive year. The BSE Auto index which is up around 18% so far in 2022, rallied 19% in 2021 and 13% in 2020. But interestingly, the auto index has managed to outperform the … Read more
The larger question here is that do people believe that the business model of , the digital payment bank and do they have the execution capability to turn it around using the underlying data base to sell loan products, to sell wealth brokerage, mutual funds so on and so forth says Hemang Jani, Equity Strategist … Read more
Global brokerage firm Macquarie maintained an outperform rating on . Jefferies retained an underperform rating on M&M and it maintained a buy call on . CLSA upgraded to a buy rating and Morgan Stanley initiated coverage on with an overweight rating post Q2 results. We have collated a list of recommendations from top brokerage firms … Read more
The Nifty is headed towards 18,100, and if it sustains above that level, the benchmark is expected to hit an all-time high of 18,604, said technical analysts. The Nifty Bank index, too, is likely to break above its all-time high level of 41,840 in the coming days. Analysts say stocks such as , , , … Read more
NEW DELHI: Amid easing chip supplies and pent-up festive season demand, auto has emerged as the best-performing sector on Dalal Street in the last 6 months. Now, ahead of the September quarter earnings season, analysts expect margins to improve for the second straight quarter due to operating leverage benefits and raw material tailwinds. “We forecast … Read more
Mumbai: Tube Investment, ABB India, Varun Beverages, , and are among the stocks likely to enter the MSCI India Standard index as part of the gauge’s November 2022 semi-annual review, IIFL Securities said. Global index services provider MSCI will announce the changes to its Indian indices on November 10, while the adjustments will take place … Read more