NEW DELHI: Farm income-related stocks are back in focus as southwest monsoon looks set to hit Kerala on May 27. A good monsoon tends to increase rural demand. Analysts said if the monsoon goes well, one may see a lift in farm income and, thus, demand, especially when food prices are rising. Two-wheelers, tractors, consumer … Read more
Shares of automobile manufacturers got a boost after the government cut excise duty on fuel and imposed export duty on steel inputs. Two -wheelers, in particular, are high on investors’ radar as they could benefit the most from the government moves. , , are top picks of analysts’ after the government’s move. The BSE Auto … Read more
Union Finance Minister Nirmala Sitharaman on Friday held an informal meeting with top industrialists of Tamil Nadu to elicit their views on the budget she presented on February 1. Chairman Venu Srinivasan, MRF Ltd Chairman M Mammen, India Cements Ltd Vice Chairman N Srinivasan, former Chairman R Seshasayee and Apollo Hospitals MD Sunita Reddy were … Read more
By Chandan Taparia Nifty opened positive on Monday, but failed to hold above the 11,700 mark in morning tick, and remained highly volatile. In the first hour of the session, Nifty took support near the 11,550 mark, the 50 DMA, and then witnessed a decent recovery towards the 11,725 mark in the later part of … Read more
Ashok Leyland could see a 50% upside from current levels going forward and that is the one auto stock I would recommend from a three years’ perspective, says Abhimanyu Sofat, VP-Research, IIFL. What is your observation of the trend in September sales by auto majors?One thing which was clear was that most of the auto … Read more
CV cycle will take a much longer time to recover than what we have seen in two-wheelers and to some extent in four-wheeler cars, says, analyst, asksandipsabharwal.com. Would you say that we are out of the woods?In my view markets are grappling with the fact that there has been a huge run up and that … Read more
Mumbai: The Indian auto industry’s recent fillip to sales propelled by the pent-up demand released after the lockdown was eased has seen a number of fresh job positions opening up in the segment. Hiring activity recovered in terms of demand for white collar and blue collar workers in July from the slump hit in March … Read more