After nearly two weeks of rebound, Tuesday’s session turned out to be a dampener with selling pressure gripping the indices right from the opening bell. “What made it worse was the banking sector,” said Ajit Mishra, SVP – Research at Religare Broking, in a conversation with ET Now. “Private banks have not participated in this … Read more
Shares of Ola Electric Mobility surged as much as 6.6% on Tuesday to Rs 51.80 on the BSE after the company announced that it has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, a move the company said will strengthen margins and profitability from the ongoing quarter of the current financial … Read more
India’s tractor industry posted a healthy 9.2% YoY growth in Q1FY26, delivering 2.86 lakh units, driven by robust demand in the high-horsepower (HP) categories and pre-season stocking ahead of the Kharif sowing period. Favourable Rabi harvest earnings and steady demand from key agricultural states underpinned the strong start to the fiscal year. The 41–50HP segment … Read more
Shares of Belrise Industries jumped 16.4% to a record high of Rs 119.2 on Friday, extending their four-day rally following a bullish note from global brokerage Jefferies. Jefferies initiated coverage on the stock with a ‘Buy’ rating and a price target of Rs 135. The brokerage expects strong earnings growth backed by rising two-wheeler (2W) … Read more
Shares of Samvardhana Motherson rose over 4% to Rs 158.60 on the BSE on Friday after the company reported a 20% year-on-year (YoY) increase in net profit for Q4FY25, and announced a 1:2 bonus issue. The auto component major posted a net profit of Rs 1,050.5 crore for the March quarter, up from Rs 878.63 … Read more
“The impact of that should be felt on demand and these stocks have fallen. The auto stocks have fallen reasonably, especially two wheelers and Bajaj Auto,” says Sandip Sabharwal, asksandipsabharwal.com. I wanted your view actually on Mahindra & Mahindra. The fact that they are expanding their portfolio as well with this sort of an acquisition … Read more
Benchmark stock market indices closed higher after witnessing a brief rally on the first day of trading in 2025 fuelled by a rally in auto sector stocks. The S&P BSE Sensex added 368.40 points to end at 78,507.41, while the NSE Nifty50 gained 98.10 points to close at 23,742.90. Vinod Nair, Head of Research, Geojit … Read more
Nearly 83% of foreign portfolio investor (FPI) flows in the first fortnight of December were concentrated in three sectors – financial services, IT, and real estate. Overseas investors poured ₹7,424 crore into financial services, ₹6,754 crore into IT, and ₹4,689 crore into real estate stocks in this period. These investors sold ₹5,337 crore worth of … Read more
Amid concerns over sluggish vehicle demand even in the ongoing festive season, auto stocks succumbed to selling pressure on Tuesday. Tata Motors led the downside with 6% drop. Nifty Auto index was trading over 2% lower. Shares of Bajaj Auto and Hero Moto fell around 3% each while Maruti Suzuki and Mahindra & Mahindra were … Read more
Reflecting the lack of demand for Hyundai Motor India’s IPO, the company’s shares are currently available at a discounted rate compared to the issue price. The grey market premium (GMP) is at Rs 1,903, indicating a -3% premium over the issue price of Rs 1,960. If current trends continue, the stock is expected to experience … Read more