Amfi stock classification: BHEL, 6 more stocks to become largecaps in H2CY2024. Check m-cap cut-off

Amfi stock classification: BHEL, 6 more stocks to become largecaps in H2CY2024. Check m-cap cut-off

The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more

Hero MotoCorp raises 2.2% stake in Ather Energy for about Rs 124 cr

Hero MotoCorp raises 2.2% stake in Ather Energy for about Rs 124 cr

The board of Hero MotoCorp, the largest investor in Ather Energy, approved the purchase of an additional stake of 2.2% in the electric scooter maker for about Rs 124 crore. Last year, Hero had hiked about 3% stake in Ather Energy for about Rs 340 crore. Recently, Ather Energy has raised Rs 286 crore from … Read more

Hero MotoCorp’s market cap reaches Rs 1 lakh crore

Hero MotoCorp’s market cap reaches Rs 1 lakh crore

New Delhi: The country’s largest two-wheeler maker Hero MotoCorp’s market cap reached Rs 1 lakh crore for the first time on Tuesday as its stock crossed the Rs 5,000 mark. Hero’s stock has surged 85.42% in the last 12 months and 21.8% so far this year. Investors have been upbeat on the stock on the … Read more

Nifty, Bank Nifty may see more gains, buy on dip’s the advice

Nifty, Bank Nifty may see more gains, buy on dip’s the advice

Technical charts indicate that Nifty and Bank Nifty are currently poised for an upward trend. According to technical analysts, Nifty may ascend towards 22,800 levels, while Bank Nifty could touch 48,500 levels. Stocks such as Sun Pharma, Hero MotoCorp, Tata Steel, Britannia, Divi’s Lab, HDFC Life, PI Industries, Praj Industries, and Sona BLW have exhibited … Read more

Concept of rural India has to do well for two-wheelers to do well is absolutely passé: Hero MotoCorp CEO

Concept of rural India has to do well for two-wheelers to do well is absolutely passé: Hero MotoCorp CEO

Niranjan Gupta, CEO, Hero MotoCorp, says: “We are focusing on brands, models, portfolios, focusing on stores, premia stores, a lot of action at our end. Effectively, given the strong platform that we have, it is about changing gears and moving with speed, powered by the four S – speed, scale, synergy and simplification.”I must say … Read more

EBITDA growth of 234 cos outpace sales for 3 quarters; over 100 stocks turn multibaggers

EBITDA growth of 234 cos outpace sales for 3 quarters; over 100 stocks turn multibaggers

After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more

F&O Stock Strategy: How to trade Tata Chemicals, Hero Moto, Concor today

F&O Stock Strategy: How to trade Tata Chemicals, Hero Moto, Concor today

The last week of 2023 ended with a strong bullish candle and the trend is expected to continue as investors enter the new year with fresh enthusiasm. In light of this, three stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio. Here’s the trading strategy from Sheersham … Read more

Stocks to buy today: 8 short-term trading ideas by experts for 14 December, 2023

Stocks to buy today: 8 short-term trading ideas by experts for 14 December, 2023

Indian headline indices ended with small gains but scripted a strong turnaround from the day’s lows where S&P BSE Sensex fell by over 450 points while Nifty was down by over 130 points. India VIX, a measure of volatility, was at 12.07, down 5.09% on Wednesday. The overall market sentiment remains bullish on Thursday, and … Read more

Motilal Oswal parks faith on 2Ws, picks Hero MotoCorp, Endurance Tech for gains up to 26%

Motilal Oswal parks faith on 2Ws, picks Hero MotoCorp, Endurance Tech for gains up to 26%

A reversal in demand patterns and high growth potential are strong catalysts for the two-wheeler industry, Motilal Oswal said in a note as it expects a relatively better scope for growth in 2Ws over FY23-26E. The brokerage picks Hero MotoCorp among its preferred buys in this space while choosing Tata Motors as a passenger vehicle … Read more

After robust H1, auto cos all set to shine in H2 as well; but which stocks should you bet on?

After robust H1, auto cos all set to shine in H2 as well; but which stocks should you bet on?

Automobile companies have kickstarted the current financial year on a very strong note, as a majority of them reported double-digit growth in both revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of … Read more