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
Mumbai: Bajaj Auto warned of a looming disruption in electric scooter production starting July if the ongoing restrictions on exports of rare earth magnets by China are not resolved swiftly. The company flagged a significant operational risk during its March quarter earnings call, with inventories of the critical component depleting and no clear timeline for … Read more
“We always been calling out that India can be a sourcing base for defence. Globally the defence spends are moving up. I mean, with Trump coming in obviously the EU also has to start spending much more on defence per se and the only supplier can be a very friendly nation who does not show … 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
“Going ahead what is interesting is markets are oscillating in a falling wedge pattern and Nifty today took support at the lower end of the wedge pattern and there it is trying to post a recovery. It will be interesting to see if market actually manages to scale past the resistance levels of 22,650, 22,700,” … Read more
IRFC Share Price 139.62 03:59 PM | 13 Nov 2024 -5.7(-3.93%) Suzlon Energy Share Price 54.03 03:59 PM | 13 Nov 2024 0.0(0.0%) IREDA Share Price 187.59 03:59 PM | 13 Nov 2024 0.0(0.0%) Tata Motors Share Price 786.25 03:59 PM | 13 Nov 2024 0.0(0.0%) YES Bank Share Price 19.07 03:59 PM | 13 … 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
Indian Railway Finance Corporation Share Price 180.85 04:13 PM | 27 Aug 2024 -0.21(-0.12%) One97 Communications Share Price 545.15 04:13 PM | 27 Aug 2024 14.75(2.79%) YES Bank Share Price 24.02 04:13 PM | 27 Aug 2024 -0.06(-0.25%) ITC Share Price 500.6 04:13 PM | 27 Aug 2024 -5.1(-1.01%) HDFC Bank Share Price 1637.75 04:13 … Read more
ET Intelligence Group: Foreign investors are increasingly favouring India’s discretionary consumption and capital expenditure sectors, ramping up equity allocations in Asia’s third-largest economy following a brief pause. The capital goods sector saw the largest increase in weightage among major sectors, contributing 131 basis points to reach 5.71%. The auto sector’s portfolio weight rose by 115 … Read more
Rakesh Sharma, ED, Bajaj Auto, explains the logic behind launching a CNG motorcycle. He says the company expects this to be a pivotal point in the development of the two-wheeler industry in the country. And if we have to take the government at face value, which there is no reason to disbelieve, the CNG network … Read more